372 Mulberry StMemphisTN38103
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 372 Mulberry St, Memphis, TN, 38103 priced at $185,000 pairs $1,550/mo rent with $443/mo cash flow after a $905/mo payment. Total monthly income equals $1,550/mo, and annual cash flow comes to $5,316/yr on $61,328 invested. Return on cash invested is 28.58% in year one, and rental yield stands at 10.05% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 149.14% and total cumulative return in cash reaches $91,467. For financing, Ziffy Mortgage’s DSCR program evaluates $1,550/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1890
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices