1244 Pilgrim Ridge RdColliervilleTN38017
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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 Collierville at 1244 Pilgrim Ridge Rd, Collierville, TN, 38017 listed at $618,600 pairs $4,400/mo rent with a $3,028/mo payment to leave $585/mo cash flow. Total monthly income runs $4,400/mo, and annual cash flow reaches $7,018/yr on $203,519 cash to close. Return on cash invested measures 23.51% in year one, and rental yield registers 8.54% at a $618,600 basis. Equity gained on principal adds $3,992/yr, and annual property appreciation at 5% supports $170,908 by year five. Five-year ROI tracks 122.07% and total cumulative return in cash totals $248,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,400/mo property income relative to a $3,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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Listed by: N/A • N/A
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