475 N Highland St APT 7DMemphisTN38122
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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 475 N Highland St APT 7D, Memphis, TN, 38122 earns $435/mo cash flow from $1,124/mo rent with a $563/mo payment. Total monthly income totals $1,124/mo, and annual cash flow totals $5,226/yr on $38,123 capital. ROI tracks 33.62% on current figures, and rental yield reads 11.73% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 176.14% and total cumulative return in cash sums $67,149. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,124/mo property income instead of your personal income.
Condo
Built in 1970
2.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38122, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 4,877 (44.7%) |
| Renter Occupied HU | 5,050 (46.3%) |
| Vacant Housing Units | 981 ( 9.0%) |
| Median Home Value | $151,029 |
| Average Home Value | $226,739 |
Housing Distribution
Address Breakdown
Residential
10,342
Single Family
9,347
Multi-Family
995
Businesses
811
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