660 Gilleas RdMemphisTN38109
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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 660 Gilleas Rd, Memphis, TN, 38109 earns $216/mo cash flow from $964/mo rent with a $612/mo payment. Total monthly income totals $964/mo, and annual cash flow totals $2,586/yr on $41,438 capital. ROI tracks 26.15% on current figures, and rental yield reads 9.25% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 136.12% and total cumulative return in cash sums $56,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $964/mo property income instead of your personal income.
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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