3200 Mackham AveMemphisTN38118
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- 3 Bed
- 2 Bath
- 1152 sft
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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 3200 Mackham Ave, Memphis, TN, 38118 earns $792/mo cash flow from $1,840/mo rent with a $857/mo payment. Total monthly income totals $1,840/mo, and annual cash flow totals $9,504/yr on $58,013 capital. ROI tracks 36.29% on current figures, and rental yield reads 12.62% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 190.4% and total cumulative return in cash sums $110,455. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,840/mo property income instead of your personal income.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38118, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,833 (100%) |
| Owner Occupied HU | 5,678 (35.9%) |
| Renter Occupied HU | 7,816 (49.4%) |
| Vacant Housing Units | 2,339 (14.8%) |
| Median Home Value | $93,910 |
| Average Home Value | $193,602 |
Housing Distribution
Address Breakdown
Residential
14,981
Single Family
12,533
Multi-Family
2,448
Businesses
2,044
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 1152 sft
- 3 Bed
- 2 Bath
- - sft
Nearby investment properties with comparable prices