929 N McNeil StMemphisTN38107
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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 929 N McNeil St, Memphis, TN, 38107 uses $36,465 cash to close to unlock $2,435/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $861/mo, and a $538/mo payment keeps the spread at $203/mo. Purchase price stands at $110,000, and rental yield measures 9.39% with $861/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 138.38% and total cumulative return in cash records $50,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $861/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1935
6,500 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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