318 Nicolet DrMemphisTN38109
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Memphis at 318 Nicolet Dr, Memphis, TN, 38109 offers a 11.78% rental yield on a $500,000 purchase with $4,908/mo rent. Total monthly income registers $4,908/mo, and a $2,447/mo payment leaves $1,614/mo available for distribution. Annual cash flow reaches $19,362/yr on $165,750 to close, and return on cash invested stands at 31.59% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 166.02% and total cumulative return in cash at $275,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,908/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.71 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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Listed by: Joseph M Jackson • BenchMark REALTORS, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10207289
Disclaimer: Listing content and images Copyright 2025 Memphis Area Association of REALTORS. Information provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. Some or all of the listings displayed may not belong to the firm whose website is being visited.