5960 Even Mist CvMemphisTN38120
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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 5960 Even Mist Cv, Memphis, TN, 38120 uses $230,267 cash to close to unlock $16,595/yr annual cash flow and $1,383/mo monthly cash flow. Total monthly income runs $5,573/mo, and a $3,426/mo payment keeps the spread at $1,383/mo. Purchase price stands at $699,900, and rental yield measures 9.56% with $5,573/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 141.99% and total cumulative return in cash records $326,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,573/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 2000
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38120, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,963 (100%) |
| Owner Occupied HU | 4,534 (65.1%) |
| Renter Occupied HU | 2,045 (29.4%) |
| Vacant Housing Units | 384 ( 5.5%) |
| Median Home Value | $441,589 |
| Average Home Value | $589,319 |
Housing Distribution
Address Breakdown
Residential
6,690
Single Family
5,180
Multi-Family
1,510
Businesses
472
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