733 Eventide Dr #733MemphisTN38120
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
Investment Highlights
Investment property for sale in Memphis at 733 Eventide Dr #733, Memphis, TN, 38120 uses $152,490 cash to close to unlock $13,882/yr annual cash flow and $1,157/mo monthly cash flow. Total monthly income runs $3,910/mo, and a $2,251/mo payment keeps the spread at $1,157/mo. Purchase price stands at $460,000, and rental yield measures 10.2% with $3,910/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 151.38% and total cumulative return in cash records $230,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,910/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Condo
Built in 1973
7,840 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices