5696 Quince Rd APT 3MemphisTN38119
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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 5696 Quince Rd APT 3, Memphis, TN, 38119 uses $53,040 cash to close to unlock $3,424/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $783/mo payment keeps the spread at $285/mo. Purchase price stands at $160,000, and rental yield measures 9.32% with $1,243/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 137.27% and total cumulative return in cash records $72,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $783/mo payment rather than investor’s personal income.
Townhouse
Built in 1968
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
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