780 Lydgate RdMemphisTN38116
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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 780 Lydgate Rd, Memphis, TN, 38116 with 5% annual appreciation on a $176,000 basis while $1,393/mo rent supports operations. Total monthly income totals $1,393/mo and a $861/mo payment preserves $340/mo for cash returns. Annual cash flow comes to $4,078/yr on $58,344 deployed, and return on cash invested reaches 26.9% in year one. Equity gained on principal adds $1,136/yr, and five-year appreciation sums $48,626 alongside rental yield of 9.5%. Five-year ROI measures 140.04% and total cumulative return in cash totals $81,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,393/mo property income versus a $861/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38116, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,089 (100%) |
| Owner Occupied HU | 6,844 (40.0%) |
| Renter Occupied HU | 8,230 (48.2%) |
| Vacant Housing Units | 2,015 (11.8%) |
| Median Home Value | $160,790 |
| Average Home Value | $215,596 |
Housing Distribution
Address Breakdown
Residential
15,434
Single Family
12,488
Multi-Family
2,946
Businesses
1,411
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Listed by: Jan Jones • Groome & Co.
Mls Name: MAAR
Mls Provider:
Mls ID: #10192789
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