324 E Raines RdMemphisTN38109
Nearby investment properties with comparable rents
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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
Rental property for sale in Memphis at 324 E Raines Rd, Memphis, TN, 38109 offers $1,776/mo rent that, after a $903/mo payment, leaves $624/mo cash flow. Total monthly income is $1,776/mo, and annual cash flow is $7,489/yr on $61,162 cash. Return on cash invested measures 32.15% in year one, and rental yield stands at 11.55% at a $184,500 entry. Equity gained on principal adds $1,191/yr while 5% annual appreciation compounds into $50,974 by year five. Five-year ROI records 168.64% and total cumulative return in cash reaches $103,142. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,776/mo property income versus a $903/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.42 Acres lot
$N/A/sqft
No 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: Melody A Martin • 4 Success Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10202146
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