699 Dickinson 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
Rental property for sale in Memphis at 699 Dickinson St, Memphis, TN, 38107 priced at $389,000 converts $2,069/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,069/mo. Return on cash invested prints 17.49% in year one, and rental yield reads 6.38% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 89.63% and total cumulative return in cash sums $115,578. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,069/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1926
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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