407 Meadvale StMemphisTN38120
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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
Rental property for sale in Memphis at 407 Meadvale St, Memphis, TN, 38120 priced at $325,000 converts $2,242/mo rent into $296/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,242/mo, and annual cash flow totals $3,555/yr on $107,738 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.28% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 120.3% and total cumulative return in cash sums $129,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,242/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1967
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38120, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,963 (100%) |
| Owner Occupied HU | 4,534 (65.1%) |
| Renter Occupied HU | 2,045 (29.4%) |
| Vacant Housing Units | 384 ( 5.5%) |
| Median Home Value | $441,589 |
| Average Home Value | $589,319 |
Housing Distribution
Address Breakdown
Residential
6,690
Single Family
5,180
Multi-Family
1,510
Businesses
472
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