418 E Pontotoc AveMemphisTN38126
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 418 E Pontotoc Ave, Memphis, TN, 38126 in Memphis offers a clean, manageable entry. Rental yield 6.73%. DSCR 1.18 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $145,048 in additional property value over five years, with $4,401/yr in principal equity building ownership stake. Total projected cumulative return: $175,929.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 9.2% |
| Monthly Cash Flow | $(199) | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,944 |
| Total Monthly Debt Service | $3,062 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2022
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38126, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,552 (100%) |
| Owner Occupied HU | 401 (11.3%) |
| Renter Occupied HU | 2,881 (81.1%) |
| Vacant Housing Units | 270 ( 7.6%) |
| Median Home Value | $111,167 |
| Average Home Value | $220,224 |
Housing Distribution
Address Breakdown
Residential
3,228
Single Family
2,247
Multi-Family
981
Businesses
292
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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
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Nearby investment properties with comparable prices
