3797-3799 Jasmine DrMemphisTN38115
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3797-3799 Jasmine Dr, Memphis, TN, 38115 in Memphis speaks for itself: 12.3% gross on a $155,000 price, generating $1,589/mo in rent and $661/mo in net income after the $697/mo debt service. DSCR 2.28, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,934 stacks alongside $42,824 in projected five-year appreciation and $1,428/yr in principal reduction. Projected total cumulative return: $101,190.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 9.2% |
| Monthly Cash Flow | $661 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,589 |
| Total Monthly Debt Service | $866 |
| DSCR Ratio | 1.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1973
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
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
Multi Family
Built in 1973
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices