621 Warwick Oaks Ln WColliervilleTN38017
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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
Rental property for sale in Collierville at 621 Warwick Oaks Ln W, Collierville, TN, 38017 priced at $485,900 converts $3,539/mo rent into $497/mo cash flow after a $2,378/mo obligation. Total monthly income equals $3,539/mo, and annual cash flow totals $5,958/yr on $161,076 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 8.74% against a $485,900 entry. Equity gained on principal adds $3,135/yr, while 5% annual appreciation compiles into $134,245 by year five. Five-year ROI reaches 122.78% and total cumulative return in cash sums $197,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,539/mo property income covering a $2,378/mo payment, not borrower’s personal income.
Condo
Built in 1999
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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