168 Grove Park CirMemphisTN38117
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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 168 Grove Park Cir, Memphis, TN, 38117 offers a 6.88% rental yield on a $718,085 purchase with $4,117/mo rent. 29% in year one. Equity gained on principal adds $4,634/yr while 5% annual appreciation supports $198,394 over five years. Portfolio math shows five-year ROI at 94.17% and total cumulative return in cash at $222,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,117/mo property income against a $3,515/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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Listed by: Jessica Collier • Collier REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10209349
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