6631 Morningsgate CvBartlettTN38135
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
Investment Highlights
Investment property for sale in Bartlett at 6631 Morningsgate Cv, Bartlett, TN, 38135 offers a 16.06% rental yield on a $114,000 purchase with $1,526/mo rent. Total monthly income registers $1,526/mo, and a $558/mo payment leaves $773/mo available for distribution. Annual cash flow reaches $9,281/yr on $37,791 to close, and return on cash invested stands at 44.47% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 235.15% and total cumulative return in cash at $88,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,526/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
3,049 sqft lot
$N/A/sqft
$16 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices