3402 Dungreen StMemphisTN38118
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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 3402 Dungreen St, Memphis, TN, 38118 generates $1,105/mo in rent and, after a $770/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,105/mo, and annual cash flow is $1,903/yr on $52,145 invested. Return on cash invested sits at 23.56% in year one, and rental yield is 8.43% on a $157,300 entry. Equity gained on principal adds $1,015/yr, while 5% annual appreciation builds toward $43,459 over five years. Five-year ROI reaches 122.23% and total cumulative return in cash sums $63,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,105/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38118, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,833 (100%) |
| Owner Occupied HU | 5,678 (35.9%) |
| Renter Occupied HU | 7,816 (49.4%) |
| Vacant Housing Units | 2,339 (14.8%) |
| Median Home Value | $93,910 |
| Average Home Value | $193,602 |
Housing Distribution
Address Breakdown
Residential
14,981
Single Family
12,533
Multi-Family
2,448
Businesses
2,044
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