3106 Steeplegate DrGermantownTN38138
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 3106 Steeplegate Dr, Germantown, TN, 38138 in Germantown. At $660,000 it earns $5,366/mo in rent and distributes $1,196/mo to the owner after the $2,968/mo payment, a consistent 9.76% yield. DSCR 1.81 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $182,346 in value; $6,079/yr in principal paydown compounds ownership stake. Total projected return: $327,607.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.2% |
| Monthly Cash Flow | $1,196 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,366 |
| Total Monthly Debt Service | $3,907 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
0.42 Acres lot
$N/A/sqft
$180 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2001
0.42 Acres lot
$N/A/sqft
$180 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Davis Wills • Adaro Realty, Inc.
Mls Name: MAAR
Mls Provider:
Mls ID: #10201356
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