1843 Gray Ridge Cv #6GermantownTN38138
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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 Germantown at 1843 Gray Ridge Cv #6, Germantown, TN, 38138 generates $2,467/mo in rent and, after a $1,287/mo payment, leaves $893/mo in cash flow. Total monthly income is $2,467/mo, and annual cash flow is $10,715/yr on $87,185 invested. Return on cash invested sits at 32.2% in year one, and rental yield is 11.26% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 168.47% and total cumulative return in cash sums $146,879. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,467/mo property income rather than buyer’s personal income.
Condo
Built in 1970
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38138, Germantown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,898 (100%) |
| Owner Occupied HU | 8,011 (73.5%) |
| Renter Occupied HU | 2,271 (20.8%) |
| Vacant Housing Units | 616 ( 5.7%) |
| Median Home Value | $442,374 |
| Average Home Value | $499,365 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
9,218
Multi-Family
1,792
Businesses
1,076
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Listed by: Stacy Johnson • All Stars Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10175536
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