6769 Ross Ridge DrMemphisTN38141
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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 6769 Ross Ridge Dr, Memphis, TN, 38141 generates $1,574/mo in rent and, after a $680/mo payment, leaves $742/mo in cash flow. Total monthly income is $1,574/mo, and annual cash flow is $8,907/yr on $46,079 invested. Return on cash invested sits at 39.24% in year one, and rental yield is 13.59% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 206.3% and total cumulative return in cash sums $95,060. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,574/mo property income rather than buyer’s personal income.
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
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