6289 Kirby Downs DrMemphisTN38115
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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 Memphis at 6289 Kirby Downs Dr, Memphis, TN, 38115 priced at $125,000 converts $1,003/mo rent into $255/mo cash flow after a $612/mo obligation. Total monthly income equals $1,003/mo, and annual cash flow totals $3,054/yr on $41,438 invested. Return on cash invested prints 27.28% in year one, and rental yield reads 9.63% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 142.14% and total cumulative return in cash sums $58,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,003/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1982
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
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