3204 Estes StMemphisTN38115
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder3204 Estes St, Memphis, TN, 38115 in Memphis earns a respectable 7.51% gross yield at $255,000, but after the $1,147/mo mortgage the net cash flow is $69/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.39) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $70,452 over five years, making equity the dominant return driver. Total projected return: $100,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 9.2% |
| Monthly Cash Flow | $69 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,595 |
| Total Monthly Debt Service | $1,425 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1968
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices