720 Litty Ct APT 104MemphisTN38103
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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 720 Litty Ct APT 104, Memphis, TN, 38103 uses $78,897 cash to close to unlock $3,110/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,684/mo, and a $1,165/mo payment keeps the spread at $259/mo. Purchase price stands at $238,000, and rental yield measures 8.49% with $1,684/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash records $97,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,684/mo property income covering a $1,165/mo payment rather than investor’s personal income.
Condo
Built in 2005
1,306 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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