417 Charter AveMemphisTN38109
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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 417 Charter Ave, Memphis, TN, 38109 at $129,000 posts ROI 26.62% with $239/mo cash flow from $1,011/mo rent. Total monthly income equals $1,011/mo, and annual cash flow records $2,870/yr on $42,764 to close. Return on cash invested measures 26.62% and rental yield reads 9.4% at the current $129,000. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 by year five. Five-year ROI prints 138.65% and total cumulative return in cash totals $59,293.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,011/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
8,276 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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