972 Peabody AveMemphisTN38104
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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
Rental property for sale in Memphis at 972 Peabody Ave, Memphis, TN, 38104 priced at $1,330,000 converts $1,370/mo rent into after a $6,510/mo obligation. Total monthly income equals $1,370/mo. Return on cash invested prints 2.01% in year one, and rental yield reads 1.24% against a $1,330,000 entry. Equity gained on principal adds $8,582/yr, while 5% annual appreciation compiles into $367,454 by year five. Five-year ROI reaches 6.51% and total cumulative return in cash sums $28,070. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,370/mo property income covering a $6,510/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38104, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,722 (100%) |
| Owner Occupied HU | 4,353 (29.6%) |
| Renter Occupied HU | 8,693 (59.0%) |
| Vacant Housing Units | 1,676 (11.4%) |
| Median Home Value | $394,317 |
| Average Home Value | $423,901 |
Housing Distribution
Address Breakdown
Residential
14,079
Single Family
7,526
Multi-Family
6,553
Businesses
1,259
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Listed by: Worth Woodyard • Woodyard Realty Corp
Mls Name: MAAR
Mls Provider:
Mls ID: #10185043
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