537 Eastbourne PlMemphisTN38117
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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 537 Eastbourne Pl, Memphis, TN, 38117 at $330,000 posts ROI 22.33% with $221/mo cash flow from $2,196/mo rent. Total monthly income equals $2,196/mo, and annual cash flow records $2,649/yr on $109,395 to close. Return on cash invested measures 22.33% and rental yield reads 7.99% at the current $330,000. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 by year five. Five-year ROI prints 115.56% and total cumulative return in cash totals $126,419.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,196/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
10,018 sqft 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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