679 Leath StMemphisTN38107
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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 679 Leath St, Memphis, TN, 38107 listed at $105,000 pairs $1,283/mo rent with a $514/mo payment to leave $648/mo cash flow. Total monthly income runs $1,283/mo, and annual cash flow reaches $7,776/yr on $34,808 cash to close. Return on cash invested measures 42.25% in year one, and rental yield registers 14.66% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 222.41% and total cumulative return in cash totals $77,414. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,283/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38107, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,248 (100%) |
| Owner Occupied HU | 2,844 (34.5%) |
| Renter Occupied HU | 4,131 (50.1%) |
| Vacant Housing Units | 1,273 (15.4%) |
| Median Home Value | $209,201 |
| Average Home Value | $238,142 |
Housing Distribution
Address Breakdown
Residential
7,036
Single Family
5,819
Multi-Family
1,217
Businesses
338
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Listed by: James Harvey • Keller Williams
Mls Name: MAAR
Mls Provider:
Mls ID: #10185035
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