756 Garland StMemphisTN38107
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
Rental property for sale in Memphis at 756 Garland St, Memphis, TN, 38107 offers $1,345/mo rent that, after a $1,199/mo payment. Total monthly income is $1,345/mo. Return on cash invested measures 18.11% in year one, and rental yield stands at 6.59% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 92.97% and total cumulative return in cash reaches $75,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,345/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1926
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38107, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,248 (100%) |
| Owner Occupied HU | 2,844 (34.5%) |
| Renter Occupied HU | 4,131 (50.1%) |
| Vacant Housing Units | 1,273 (15.4%) |
| Median Home Value | $209,201 |
| Average Home Value | $238,142 |
Housing Distribution
Address Breakdown
Residential
7,036
Single Family
5,819
Multi-Family
1,217
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices