3816 Altruria RdMemphisTN38135
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
Investment property for sale in Memphis at 3816 Altruria Rd, Memphis, TN, 38135 uses $99,437 cash to close to unlock $8,886/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,536/mo, and a $1,468/mo payment keeps the spread at $741/mo. Purchase price stands at $299,960, and rental yield measures 10.15% with $2,536/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $82,873 over five years. Five-year ROI reaches 150.52% and total cumulative return in cash records $149,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,536/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1988
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices