92 S Main St APT 103MemphisTN38103
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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 92 S Main St APT 103, Memphis, TN, 38103 earns from $1,886/mo rent with a $1,346/mo payment. Total monthly income totals $1,886/mo. ROI tracks 19.48% on current figures, and rental yield reads 8.23% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 101.59% and total cumulative return in cash sums $92,615. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,886/mo property income instead of your personal income.
Condo
Built in 1974
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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Listed by: Mike Parker • The Firm
Mls Name: MAAR
Mls Provider:
Mls ID: #10200032
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