848 N Highland StMemphisTN38122
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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 848 N Highland St, Memphis, TN, 38122 priced at $166,250 pairs $1,258/mo rent with $263/mo cash flow after a $814/mo payment. Total monthly income equals $1,258/mo, and annual cash flow comes to $3,150/yr on $55,112 invested. Return on cash invested is 25.62% in year one, and rental yield stands at 9.08% on a $166,250 basis. Equity gained on principal adds $1,073/yr, and 5% annual appreciation accumulates to $45,932 by year five. Five-year ROI measures 133.29% and total cumulative return in cash reaches $73,460. For financing, Ziffy Mortgage’s DSCR program evaluates $1,258/mo property income against a $814/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38122, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,908 (100%) |
| Owner Occupied HU | 4,877 (44.7%) |
| Renter Occupied HU | 5,050 (46.3%) |
| Vacant Housing Units | 981 ( 9.0%) |
| Median Home Value | $151,029 |
| Average Home Value | $226,739 |
Housing Distribution
Address Breakdown
Residential
10,342
Single Family
9,347
Multi-Family
995
Businesses
811
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