355 Edith AveMemphisTN38106
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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 355 Edith Ave, Memphis, TN, 38106 at $185,000 posts ROI 27.6% with $393/mo cash flow from $1,500/mo rent. Total monthly income equals $1,500/mo, and annual cash flow records $4,716/yr on $61,328 to close. Return on cash invested measures 27.6% and rental yield reads 9.73% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 143.88% and total cumulative return in cash totals $88,239.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,500/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
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