580 S Greer StMemphisTN38111
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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 580 S Greer St, Memphis, TN, 38111 priced at $280,000 converts $2,112/mo rent into $436/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,112/mo, and annual cash flow totals $5,236/yr on $92,820 invested. Return on cash invested prints 25.55% in year one, and rental yield reads 9.05% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 132.86% and total cumulative return in cash sums $123,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,112/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38111, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 7,870 (39.5%) |
| Renter Occupied HU | 9,606 (48.3%) |
| Vacant Housing Units | 2,432 (12.2%) |
| Median Home Value | $250,414 |
| Average Home Value | $333,005 |
Housing Distribution
Address Breakdown
Residential
18,972
Single Family
15,015
Multi-Family
3,957
Businesses
1,101
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