71 Union Ave #CY1MemphisTN38103
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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 71 Union Ave #CY1, Memphis, TN, 38103 priced at $215,000 pairs $1,946/mo rent with $533/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,946/mo, and annual cash flow comes to $6,391/yr on $71,273 invested. Return on cash invested is 28.88% in year one, and rental yield stands at 10.86% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 151.47% and total cumulative return in cash reaches $107,953. For financing, Ziffy Mortgage’s DSCR program evaluates $1,946/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1925
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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Listed by: Christina Morris • Hobson, REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10197163
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