980 N Circle RdMemphisTN38127
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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 980 N Circle Rd, Memphis, TN, 38127 priced at $115,000 converts $881/mo rent into $192/mo cash flow after a $563/mo obligation. Total monthly income equals $881/mo, and annual cash flow totals $2,310/yr on $38,123 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 9.19% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 135.16% and total cumulative return in cash sums $51,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $881/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38127, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,392 (100%) |
| Owner Occupied HU | 6,346 (38.7%) |
| Renter Occupied HU | 8,062 (49.2%) |
| Vacant Housing Units | 1,984 (12.1%) |
| Median Home Value | $78,914 |
| Average Home Value | $157,125 |
Housing Distribution
Address Breakdown
Residential
15,818
Single Family
14,667
Multi-Family
1,151
Businesses
610
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Listed by: Amy McLemore • Total Realty Source
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503237
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