3340 Kirby Trees Pl #3340MemphisTN38115
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 3340 Kirby Trees Pl #3340, Memphis, TN, 38115 in Memphis, $105,000, 9.17% gross yield, $173/mo net income. Consider it a market-entry position, the $802/mo rent covers the $472/mo payment with a margin, and 5%/yr appreciation is projected to add $29,010 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.70) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $50,919.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 9.2% |
| Monthly Cash Flow | $173 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $802 |
| Total Monthly Debt Service | $587 |
| DSCR Ratio | 1.37x |
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.
Condo
Built in 1979
6.74 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
Condo
Built in 1979
6.74 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