3437 Vernon 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
Rental property for sale in Memphis at 3437 Vernon Ave, Memphis, TN, 38122 generates $1,156/mo in rent and, after a $690/mo payment, leaves $312/mo in cash flow. Total monthly income is $1,156/mo, and annual cash flow is $3,745/yr on $46,735 invested. Return on cash invested sits at 27.92% in year one, and rental yield is 9.84% on a $140,980 entry. Equity gained on principal adds $910/yr, while 5% annual appreciation builds toward $38,950 over five years. Five-year ROI reaches 145.65% and total cumulative return in cash sums $68,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,156/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
7,405 sqft 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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