6510 Baird LnMemphisTN38135
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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 6510 Baird Ln, Memphis, TN, 38135 generates $2,197/mo in rent and, after a $1,483/mo payment, leaves $383/mo in cash flow. Total monthly income is $2,197/mo, and annual cash flow is $4,600/yr on $100,411 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 8.7% on a $302,900 entry. Equity gained on principal adds $1,955/yr, while 5% annual appreciation builds toward $83,686 over five years. Five-year ROI reaches 127.17% and total cumulative return in cash sums $127,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,197/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
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