6845 Corsica DrMemphisTN38120
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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 6845 Corsica Dr, Memphis, TN, 38120 generates $4,154/mo in rent and, after a $2,470/mo payment, leaves $966/mo in cash flow. Total monthly income is $4,154/mo, and annual cash flow is $11,598/yr on $166,046 invested. Return on cash invested sits at 27.04% in year one, and rental yield is 9.88% on a $504,700 entry. Equity gained on principal adds $3,257/yr, while 5% annual appreciation builds toward $139,439 over five years. Five-year ROI reaches 141.25% and total cumulative return in cash sums $234,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,154/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38120, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,963 (100%) |
| Owner Occupied HU | 4,534 (65.1%) |
| Renter Occupied HU | 2,045 (29.4%) |
| Vacant Housing Units | 384 ( 5.5%) |
| Median Home Value | $441,589 |
| Average Home Value | $589,319 |
Housing Distribution
Address Breakdown
Residential
6,690
Single Family
5,180
Multi-Family
1,510
Businesses
472
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