599 Blackhawk RdMemphisTN38109
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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 599 Blackhawk Rd, Memphis, TN, 38109 uses $39,780 cash to close to unlock $2,880/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $958/mo, and a $587/mo payment keeps the spread at $240/mo. Purchase price stands at $120,000, and rental yield measures 9.58% with $958/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 141.38% and total cumulative return in cash records $56,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $958/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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