693 Bonwood AveMemphisTN38109
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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 693 Bonwood Ave, Memphis, TN, 38109 with 5% annual appreciation on a $110,000 basis while $875/mo rent supports operations. Total monthly income totals $875/mo and a $538/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,603/yr on $36,465 deployed, and return on cash invested reaches 27.05% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.55%. Five-year ROI measures 140.85% and total cumulative return in cash totals $51,360.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $875/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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