888 Looney AveMemphisTN38107
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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 888 Looney Ave, Memphis, TN, 38107 at $121,000 posts ROI 25.44% with $185/mo cash flow from $909/mo rent. Total monthly income equals $909/mo, and annual cash flow records $2,219/yr on $40,112 to close. Return on cash invested measures 25.44% and rental yield reads 9.01% at the current $121,000. Equity gained on principal adds $781/yr, and 5% annual appreciation supports $33,430 by year five. Five-year ROI prints 132.25% and total cumulative return in cash totals $53,049.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $909/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
6,098 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
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