485 N 6th StMemphisTN38105
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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 485 N 6th St, Memphis, TN, 38105 earns $480/mo cash flow from $2,006/mo rent with a $1,248/mo payment. Total monthly income totals $2,006/mo, and annual cash flow totals $5,756/yr on $84,533 capital. ROI tracks 26.72% on current figures, and rental yield reads 9.44% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 139.1% and total cumulative return in cash sums $117,584. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,006/mo property income instead of your personal income.
Single Family
Built in 1903
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38105, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 465 (11.5%) |
| Renter Occupied HU | 2,968 (73.4%) |
| Vacant Housing Units | 608 (15.0%) |
| Median Home Value | $102,911 |
| Average Home Value | $186,490 |
Housing Distribution
Address Breakdown
Residential
3,460
Single Family
1,612
Multi-Family
1,848
Businesses
256
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