768 Charles PlMemphisTN38112
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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
Rental property for sale in Memphis at 768 Charles Pl, Memphis, TN, 38112 offers $3,308/mo rent that, after a $2,687/mo payment, leaves $22/mo cash flow. Total monthly income is $3,308/mo, and annual cash flow is $260/yr on $180,621 cash. Return on cash invested measures 20.2% in year one, and rental yield stands at 7.23% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 104.13% and total cumulative return in cash reaches $188,084. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,308/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
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