825 Roanoke AveMemphisTN38106
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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 825 Roanoke Ave, Memphis, TN, 38106 offers $1,018/mo rent that, after a $587/mo payment, leaves $300/mo cash flow. Total monthly income is $1,018/mo, and annual cash flow is $3,600/yr on $39,780 cash. Return on cash invested measures 28.96% in year one, and rental yield stands at 10.18% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 151.12% and total cumulative return in cash reaches $60,115. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,018/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
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