621 N 16th StMemphisTX79245
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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 N 16th St, Memphis, TX, 79245 uses $51,383 cash to close to unlock $1,421/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,221/mo, and a $759/mo payment keeps the spread at $118/mo. Purchase price stands at $155,000, and rental yield measures 9.45% with $1,221/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 118.95% and total cumulative return in cash records $61,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,221/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79245, Memphis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 714 (54.8%) |
| Renter Occupied HU | 258 (19.8%) |
| Vacant Housing Units | 330 (25.3%) |
| Median Home Value | $85,733 |
| Average Home Value | $118,971 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
928
Multi-Family
0
Businesses
137
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