610 Lonely Street, Memphis, IN, 47143 | $119/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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610 Lonely Street, Memphis, IN, 47143 | $119/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Memphis at 610 Lonely Street, Memphis, IN, 47143 priced at $339,900 converts $2,160/mo rent into $119/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $1,431/yr on $112,677 invested. Return on cash invested prints 21.18% in year one, and rental yield reads 7.63% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 109.45% and total cumulative return in cash sums $123,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,664/mo payment, not borrower’s personal income.

Single Family

Built in 2024

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Better than new Quality Built Emerson Plan from ASB! Situated on a beautiful woodlined lot in desirable Kingsland Fields, this one is sure to impress! Inside, you will find an open floor plan with upgrades galore including: 10 ft ceilings, LVP flooring, recessed lighting, real stone countertops with an island, and stainless steel appliances that all remain (including the garage refrigerator)! The main bedroom is also a jaw dropper with TWO WALK-IN CLOSETS and a custom tile shower! Outside, you will find the HUGE 3 CAR GARAGE with shelving already in place for all your storage needs! The scenic backyard is fully fenced with a brand new wrought iron fence and the gazebo remains! The buyer will also receive a transferrable RWC structural warranty and a prepaid lawn care plan for the backyard! Call TODAY for your private showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,619 (100%)
Owner Occupied HU	1,408 (87.0%)
Renter Occupied HU	171 (10.6%)
Vacant Housing Units	40 ( 2.5%)
Median Home Value	$266,563
Average Home Value	$290,305