801 Merrywood Glen #2705MemphisTN38117
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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 801 Merrywood Glen #2705, Memphis, TN, 38117 uses $61,328 cash to close to unlock $5,196/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $1,540/mo, and a $905/mo payment keeps the spread at $433/mo. Purchase price stands at $185,000, and rental yield measures 9.99% with $1,540/mo rent. Return on cash invested shows 28.38% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 148.09% and total cumulative return in cash records $90,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,540/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1976
24.91 Acres 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: Sally Isom • Coldwell Banker Collins-Maury
Mls Name: MAAR
Mls Provider:
Mls ID: #10193619
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