798 Saint Nick DrMemphisTN38117
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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 798 Saint Nick Dr, Memphis, TN, 38117 listed at $158,000 pairs $1,205/mo rent with a $773/mo payment to leave $195/mo cash flow. Total monthly income runs $1,205/mo, and annual cash flow reaches $2,337/yr on $52,377 cash to close. Return on cash invested measures 24.37% in year one, and rental yield registers 9.15% at a $158,000 basis. Equity gained on principal adds $1,020/yr, and annual property appreciation at 5% supports $43,652 by year five. Five-year ROI tracks 127.06% and total cumulative return in cash totals $66,550. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,205/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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Listed by: Marla Pennington • Coldwell Banker Collins-Maury
Mls Name: MAAR
Mls Provider:
Mls ID: #10185182
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