1962 Adney Gap DrMemphisTN38134
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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 1962 Adney Gap Dr, Memphis, TN, 38134 uses $75,582 cash to close to unlock $6,997/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $1,948/mo, and a $1,116/mo payment keeps the spread at $583/mo. Purchase price stands at $228,000, and rental yield measures 10.25% with $1,948/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 152.28% and total cumulative return in cash records $115,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1971
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
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