6290 Macon RdMemphisTN38134
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.4% yield at 6290 Macon Rd, Memphis, TN, 38134 in Memphis is solid, but the $1,232/mo payment compresses net cash flow to $51/mo at $274,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $75,701 by year five, and $2,524/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.37) without U.S. income documentation. Total projected return: $106,918.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 9.2% |
| Monthly Cash Flow | $51 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $1,531 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1966
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1966
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices