ESSEX Plan, Champions RunMemphisIN47143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 ESSEX Plan, Champions Run, Memphis, IN, 47143 offers $1,973/mo rent that, after a $1,429/mo payment, leaves $220/mo cash flow. Total monthly income is $1,973/mo, and annual cash flow is $2,645/yr on $96,795 cash. Return on cash invested measures 22.64% in year one, and rental yield stands at 8.11% at a $291,990 entry. Equity gained on principal adds $1,884/yr while 5% annual appreciation compounds into $80,671 by year five. Five-year ROI records 117.28% and total cumulative return in cash reaches $113,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,973/mo property income versus a $1,429/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,408 (87.0%) |
| Renter Occupied HU | 171 (10.6%) |
| Vacant Housing Units | 40 ( 2.5%) |
| Median Home Value | $266,563 |
| Average Home Value | $290,305 |
Housing Distribution
Address Breakdown
Residential
1,476
Single Family
1,476
Multi-Family
0
Businesses
41
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