3998 Leech RdMemphisTN38109
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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 3998 Leech Rd, Memphis, TN, 38109 offers a 9.28% rental yield on a $115,000 purchase with $889/mo rent. Total monthly income registers $889/mo, and a $563/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,287/yr on $38,123 to close, and return on cash invested stands at 25.91% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 134.91% and total cumulative return in cash at $51,429. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $889/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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Listed by: August Pacente • Revid Property Management, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10182703
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