506 N 6th StMemphisTN38105
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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
Investment Highlights
Investment property for sale in Memphis at 506 N 6th St, Memphis, TN, 38105 at $105,000 posts ROI 36.96% with $495/mo cash flow from $1,131/mo rent. Total monthly income equals $1,131/mo, and annual cash flow records $5,934/yr on $34,808 to close. Return on cash invested measures 36.96% and rental yield reads 12.93% at the current $105,000. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 by year five. Five-year ROI prints 194.2% and total cumulative return in cash totals $67,598.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,131/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1913
1,742 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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Nearby investment properties with comparable prices
Listed by: Virgil Pryor • Harris Realty Services
Mls Name: MAAR
Mls Provider:
Mls ID: #10195814
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