4838 Applestone StMemphisTN38109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4838 Applestone St, Memphis, TN, 38109 offers a 11.94% rental yield on a $121,600 purchase with $1,210/mo rent. Total monthly income registers $1,210/mo, and a $595/mo payment leaves $468/mo available for distribution. Annual cash flow reaches $5,612/yr on $40,310 to close, and return on cash invested stands at 33.83% in year one. Equity gained on principal adds $785/yr while 5% annual appreciation supports $33,596 over five years. Portfolio math shows five-year ROI at 177.44% and total cumulative return in cash at $71,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,210/mo property income against a $595/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices