6280 Shady Grove Rd EMemphisTN38120
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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 6280 Shady Grove Rd E, Memphis, TN, 38120 earns from $3,565/mo rent with a $4,405/mo payment. Total monthly income totals $3,565/mo. ROI tracks 11.37% on current figures, and rental yield reads 4.75% at a $900,000 purchase. Equity gained on principal adds $5,808/yr, and 5% annual appreciation supports $248,653 over five years. Five-year ROI reaches 57.22% and total cumulative return in cash sums $169,440. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,565/mo property income instead of your personal income.
Single Family
Built in 1979
0.80 Acres 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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Listed by: Margaret E Mikkelsen • Marx-Bensdorf, REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10206788
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