1922 Grovehaven DrMemphisTN38116
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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 1922 Grovehaven Dr, Memphis, TN, 38116 listed at $210,000 pairs $1,882/mo rent with a $1,028/mo payment to leave $516/mo cash flow. Total monthly income runs $1,882/mo, and annual cash flow reaches $6,197/yr on $69,615 cash to close. Return on cash invested measures 28.81% in year one, and rental yield registers 10.75% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 151.04% and total cumulative return in cash totals $105,148. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,882/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38116, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,089 (100%) |
| Owner Occupied HU | 6,844 (40.0%) |
| Renter Occupied HU | 8,230 (48.2%) |
| Vacant Housing Units | 2,015 (11.8%) |
| Median Home Value | $160,790 |
| Average Home Value | $215,596 |
Housing Distribution
Address Breakdown
Residential
15,434
Single Family
12,488
Multi-Family
2,946
Businesses
1,411
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Listed by: Christian Townsend • KAIZEN Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10195146
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