3489 Evening Light DrBartlettTN38135
Nearby investment properties with comparable rents
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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 Bartlett at 3489 Evening Light Dr, Bartlett, TN, 38135 earns $656/mo cash flow from $2,282/mo rent with a $1,282/mo payment. Total monthly income totals $2,282/mo, and annual cash flow totals $7,876/yr on $86,853 capital. ROI tracks 28.98% on current figures, and rental yield reads 10.45% at a $262,000 purchase. Equity gained on principal adds $1,691/yr, and 5% annual appreciation supports $72,386 over five years. Five-year ROI reaches 151.54% and total cumulative return in cash sums $131,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,282/mo property income instead of your personal income.
Single Family
Built in 1978
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
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Listed by: Jeanne Billings • Coldwell Banker Collins-Maury
Mls Name: MAAR
Mls Provider:
Mls ID: #10200900
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