621 Denmark Dr APT 202MemphisTN38103
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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 621 Denmark Dr APT 202, Memphis, TN, 38103 listed at $189,999 pairs $1,506/mo rent with a $930/mo payment to leave $369/mo cash flow. Total monthly income runs $1,506/mo, and annual cash flow reaches $4,423/yr on $62,985 cash to close. Return on cash invested measures 26.93% in year one, and rental yield registers 9.51% at a $189,999 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,493 by year five. Five-year ROI tracks 140.26% and total cumulative return in cash totals $88,344. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,506/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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