732 E Davant AveMemphisTN38106
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 732 E Davant Ave, Memphis, TN, 38106 in Memphis, $105,000, 9.28% gross yield, $183/mo net income. Consider it a market-entry position, the $812/mo rent covers the $472/mo payment with a margin, and 5%/yr appreciation is projected to add $29,010 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.72) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $51,567.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.2% |
| Monthly Cash Flow | $183 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $812 |
| Total Monthly Debt Service | $587 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1928
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Apartment
Built in 1928
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices