371 Saint Nick DrMemphisTN38117
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 371 Saint Nick Dr, Memphis, TN, 38117 priced at $436,000 converts $2,567/mo rent into after a $2,134/mo obligation. Total monthly income equals $2,567/mo. Return on cash invested prints 17.59% in year one, and rental yield reads 7.07% against a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation compiles into $120,459 by year five. Five-year ROI reaches 90.86% and total cumulative return in cash sums $131,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,567/mo property income covering a $2,134/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.46 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
Listed by: Margaret E Mikkelsen • Marx-Bensdorf, REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10209133
Disclaimer: Listing content and images Copyright 2025 Memphis Area Association of REALTORS. Information provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. Some or all of the listings displayed may not belong to the firm whose website is being visited.