6777 Castlegate CvMemphisTN38141
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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 6777 Castlegate Cv, Memphis, TN, 38141 earns $564/mo cash flow from $1,962/mo rent with a $1,076/mo payment. Total monthly income totals $1,962/mo, and annual cash flow totals $6,769/yr on $72,897 capital. ROI tracks 29.2% on current figures, and rental yield reads 10.71% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 152.92% and total cumulative return in cash sums $111,472. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,962/mo property income instead of your personal income.
Single Family
Built in 1986
4,791 sqft lot
$N/A/sqft
$320 annually 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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Listed by: Ryan Flannery • Premier Realty Group, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10193758
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