3518 Classic Dr SMemphisTN38125
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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 3518 Classic Dr S, Memphis, TN, 38125 priced at $875,000 pairs $4,841/mo rent with after a $4,283/mo payment. Total monthly income equals $4,841/mo. Return on cash invested is 18.4% in year one, and rental yield stands at 6.64% on a $875,000 basis. Equity gained on principal adds $5,646/yr, and 5% annual appreciation accumulates to $241,746 by year five. Five-year ROI measures 94.47% and total cumulative return in cash reaches $271,943. For financing, Ziffy Mortgage’s DSCR program evaluates $4,841/mo property income against a $4,283/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38125, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,108 (100%) |
| Owner Occupied HU | 9,571 (55.9%) |
| Renter Occupied HU | 6,771 (39.6%) |
| Vacant Housing Units | 766 ( 4.5%) |
| Median Home Value | $282,027 |
| Average Home Value | $334,954 |
Housing Distribution
Address Breakdown
Residential
17,486
Single Family
11,626
Multi-Family
5,860
Businesses
712
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