6799 Ross Ridge DrMemphisTN38141
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 Memphis at 6799 Ross Ridge Dr, Memphis, TN, 38141 uses $61,328 cash to close to unlock $7,740/yr annual cash flow and $645/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $905/mo payment keeps the spread at $645/mo. Purchase price stands at $185,000, and rental yield measures 11.36% with $1,752/mo rent. Return on cash invested shows 32.53% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 170.32% and total cumulative return in cash records $104,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1989
4,356 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