866 N McLean BlvdMemphisTN38107
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play866 N McLean Blvd, Memphis, TN, 38107 in Memphis is priced for appreciation, not yield. Rental yield 4.2%. At $419,900 with a 4.2% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $116,011 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.78) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $91,780.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 9.2% |
| Monthly Cash Flow | $(1,042) | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,471 |
| Total Monthly Debt Service | $2,347 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1922
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38107, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,248 (100%) |
| Owner Occupied HU | 2,844 (34.5%) |
| Renter Occupied HU | 4,131 (50.1%) |
| Vacant Housing Units | 1,273 (15.4%) |
| Median Home Value | $209,201 |
| Average Home Value | $238,142 |
Housing Distribution
Address Breakdown
Residential
7,036
Single Family
5,819
Multi-Family
1,217
Businesses
338
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
Multi Family
Built in 1922
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38107, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,248 (100%) |
| Owner Occupied HU | 2,844 (34.5%) |
| Renter Occupied HU | 4,131 (50.1%) |
| Vacant Housing Units | 1,273 (15.4%) |
| Median Home Value | $209,201 |
| Average Home Value | $238,142 |
Housing Distribution
Address Breakdown
Residential
7,036
Single Family
5,819
Multi-Family
1,217
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices