3204 Estes StMemphisTN38115
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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 3204 Estes St, Memphis, TN, 38115 uses $84,533 cash to close to unlock $824/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,595/mo, and a $1,248/mo payment keeps the spread at $69/mo. Purchase price stands at $255,000, and rental yield measures 7.51% with $1,595/mo rent. Return on cash invested shows 20.88% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 107.81% and total cumulative return in cash records $91,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,595/mo property income covering a $1,248/mo payment rather than investor’s personal income.
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
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