3410 Tutwiler AveMemphisTN38122
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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 3410 Tutwiler Ave, Memphis, TN, 38122 offers a 8.51% rental yield on a $171,570 purchase with $1,217/mo rent. Total monthly income registers $1,217/mo, and a $840/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,276/yr on $56,875 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $1,107/yr while 5% annual appreciation supports $47,402 over five years. Portfolio math shows five-year ROI at 124.08% and total cumulative return in cash at $70,570. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,217/mo property income against a $840/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38122, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 4,877 (44.7%) |
| Renter Occupied HU | 5,050 (46.3%) |
| Vacant Housing Units | 981 ( 9.0%) |
| Median Home Value | $151,029 |
| Average Home Value | $226,739 |
Housing Distribution
Address Breakdown
Residential
10,342
Single Family
9,347
Multi-Family
995
Businesses
811
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