3979 Wheelers PlBartlettTN38135
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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 Bartlett at 3979 Wheelers Pl, Bartlett, TN, 38135 uses $142,512 cash to close to unlock $7,580/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $3,205/mo, and a $2,104/mo payment keeps the spread at $632/mo. Purchase price stands at $429,900, and rental yield measures 8.95% with $3,205/mo rent. Return on cash invested shows 25.23% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 131.09% and total cumulative return in cash records $186,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,205/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
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