450 S Goodlett StMemphisTN38117
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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 450 S Goodlett St, Memphis, TN, 38117 offers $2,963/mo rent that, after a $3,568/mo payment. Total monthly income is $2,963/mo. Return on cash invested measures 13.05% in year one, and rental yield stands at 4.88% at a $729,000 entry. Equity gained on principal adds $4,704/yr while 5% annual appreciation compounds into $201,409 by year five. Five-year ROI records 65.78% and total cumulative return in cash reaches $157,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,963/mo property income versus a $3,568/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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