3279 Lakeview RdMemphisTN38116
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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 3279 Lakeview Rd, Memphis, TN, 38116 listed at $179,000 pairs $1,411/mo rent with a $876/mo payment to leave $340/mo cash flow. Total monthly income runs $1,411/mo, and annual cash flow reaches $4,075/yr on $59,339 cash to close. Return on cash invested measures 26.78% in year one, and rental yield registers 9.46% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 139.4% and total cumulative return in cash totals $82,719. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,411/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38116, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,089 (100%) |
| Owner Occupied HU | 6,844 (40.0%) |
| Renter Occupied HU | 8,230 (48.2%) |
| Vacant Housing Units | 2,015 (11.8%) |
| Median Home Value | $160,790 |
| Average Home Value | $215,596 |
Housing Distribution
Address Breakdown
Residential
15,434
Single Family
12,488
Multi-Family
2,946
Businesses
1,411
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