352 Avon RdMemphisTN38117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 352 Avon Rd, Memphis, TN, 38117 priced at $979,000 pairs $3,568/mo rent with after a $4,792/mo payment. Total monthly income equals $3,568/mo. Return on cash invested is 11.52% in year one, and rental yield stands at 4.37% on a $979,000 basis. Equity gained on principal adds $6,317/yr, and 5% annual appreciation accumulates to $270,480 by year five. Five-year ROI measures 57.55% and total cumulative return in cash reaches $185,362. For financing, Ziffy Mortgage’s DSCR program evaluates $3,568/mo property income against a $4,792/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices