853 Hanley StMemphisTN38114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 853 Hanley St, Memphis, TN, 38114 earns $477/mo cash flow from $2,003/mo rent with a $1,248/mo payment. Total monthly income totals $2,003/mo, and annual cash flow totals $5,720/yr on $84,533 capital. ROI tracks 26.68% on current figures, and rental yield reads 9.43% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash sums $117,392. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,003/mo property income instead of your personal income.
Single Family
Built in 2023
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38114, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,992 (100%) |
| Owner Occupied HU | 4,276 (35.7%) |
| Renter Occupied HU | 5,603 (46.7%) |
| Vacant Housing Units | 2,113 (17.6%) |
| Median Home Value | $87,799 |
| Average Home Value | $198,849 |
Housing Distribution
Address Breakdown
Residential
10,673
Single Family
10,197
Multi-Family
476
Businesses
746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices