704 W Clover DrMemphisTN38120
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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 704 W Clover Dr, Memphis, TN, 38120 priced at $1,450,000 pairs $7,030/mo rent with after a $7,097/mo payment. Total monthly income equals $7,030/mo. Return on cash invested is 16.16% in year one, and rental yield stands at 5.82% on a $1,450,000 basis. Equity gained on principal adds $9,357/yr, and 5% annual appreciation accumulates to $400,608 by year five. Five-year ROI measures 82.35% and total cumulative return in cash reaches $386,877. For financing, Ziffy Mortgage’s DSCR program evaluates $7,030/mo property income against a $7,097/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38120, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,963 (100%) |
| Owner Occupied HU | 4,534 (65.1%) |
| Renter Occupied HU | 2,045 (29.4%) |
| Vacant Housing Units | 384 ( 5.5%) |
| Median Home Value | $441,589 |
| Average Home Value | $589,319 |
Housing Distribution
Address Breakdown
Residential
6,690
Single Family
5,180
Multi-Family
1,510
Businesses
472
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