412 E McLemore AveMemphisTN38106
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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 412 E McLemore Ave, Memphis, TN, 38106 priced at $200,000 pairs $628/mo rent with after a $979/mo payment. Total monthly income equals $628/mo. Return on cash invested is 9.6% in year one, and rental yield stands at 3.77% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 47.34% and total cumulative return in cash reaches $31,388. For financing, Ziffy Mortgage’s DSCR program evaluates $628/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1966
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
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Listed by: Lyndon Baskin • Harris & Harris Realty Group,
Mls Name: MAAR
Mls Provider:
Mls ID: #10196554
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