3250 Altruria RdBartlettTN38134
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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 Bartlett at 3250 Altruria Rd, Bartlett, TN, 38134 with 5% annual appreciation on a $287,500 basis while $1,949/mo rent supports operations. Total monthly income totals $1,949/mo and a $1,407/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,631/yr on $95,306 deployed, and return on cash invested reaches 22.67% in year one. Equity gained on principal adds $1,855/yr, and five-year appreciation sums $79,431 alongside rental yield of 8.13%. Five-year ROI measures 117.46% and total cumulative return in cash totals $111,947.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,949/mo property income versus a $1,407/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
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Listed by: Julianna Craft • Emmett Baird Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10193121
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