814 Thistledown Dr #1206MemphisTN38117
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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 814 Thistledown Dr #1206, Memphis, TN, 38117 uses $66,300 cash to close to unlock $7,160/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $979/mo payment keeps the spread at $597/mo. Purchase price stands at $200,000, and rental yield measures 10.76% with $1,794/mo rent. Return on cash invested shows 30.71% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 160.52% and total cumulative return in cash records $106,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $979/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
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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