702 Atlantic StMemphisTN38112
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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 702 Atlantic St, Memphis, TN, 38112 with 5% annual appreciation on a $119,700 basis while $926/mo rent supports operations. Total monthly income totals $926/mo and a $586/mo payment preserves $209/mo for cash returns. Annual cash flow comes to $2,512/yr on $39,681 deployed, and return on cash invested reaches 26.24% in year one. Equity gained on principal adds $772/yr, and five-year appreciation sums $33,071 alongside rental yield of 9.28%. Five-year ROI measures 136.62% and total cumulative return in cash totals $54,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $926/mo property income versus a $586/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
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