6769 Ross Ridge DrMemphisTN38141
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6769 Ross Ridge Dr, Memphis, TN, 38141 in Memphis. Priced at $139,000, it generates $1,574/mo in gross rent and $742/mo in net monthly cash flow, a 13.59% yield that comfortably supports the 2.52 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,903. Five-year appreciation: $38,403. Equity from principal paydown: $1,280/yr. Total projected cumulative return: $100,364.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 9.2% |
| Monthly Cash Flow | $742 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,574 |
| Total Monthly Debt Service | $777 |
| DSCR Ratio | 2.03x |
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.
Townhouse
Built in 1989
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38141, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,964 (100%) |
| Owner Occupied HU | 4,644 (58.3%) |
| Renter Occupied HU | 2,966 (37.2%) |
| Vacant Housing Units | 354 ( 4.4%) |
| Median Home Value | $155,238 |
| Average Home Value | $202,766 |
Housing Distribution
Address Breakdown
Residential
7,944
Single Family
7,828
Multi-Family
116
Businesses
372
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
Townhouse
Built in 1989
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38141, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,964 (100%) |
| Owner Occupied HU | 4,644 (58.3%) |
| Renter Occupied HU | 2,966 (37.2%) |
| Vacant Housing Units | 354 ( 4.4%) |
| Median Home Value | $155,238 |
| Average Home Value | $202,766 |
Housing Distribution
Address Breakdown
Residential
7,944
Single Family
7,828
Multi-Family
116
Businesses
372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices