760 E McKellar AveMemphisTN38106
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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 760 E McKellar Ave, Memphis, TN, 38106 uses $52,377 cash to close to unlock $6,534/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,490/mo, and a $773/mo payment keeps the spread at $545/mo. Purchase price stands at $158,000, and rental yield measures 11.32% with $1,490/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 169.51% and total cumulative return in cash records $88,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,490/mo property income covering a $773/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 Acres 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
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