615 Lonely Street LOT 524MemphisIN47143
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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 615 Lonely Street LOT 524, Memphis, IN, 47143 listed at $342,400 pairs $3,541/mo rent with a $1,676/mo payment to leave $1,471/mo cash flow. Total monthly income runs $3,541/mo, and annual cash flow reaches $17,651/yr on $113,506 cash to close. Return on cash invested measures 35.46% in year one, and rental yield registers 12.41% at a $342,400 basis. Equity gained on principal adds $2,209/yr, and annual property appreciation at 5% supports $94,599 by year five. Five-year ROI tracks 186.03% and total cumulative return in cash totals $211,156. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,541/mo property income relative to a $1,676/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
$175 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,476
Single Family
1,476
Multi-Family
0
Businesses
41
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Listed by: Troy Stiller • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #2024012715
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.