6863 Glenwick 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
Investment property for sale in Memphis at 6863 Glenwick Dr, Memphis, TN, 38141 earns $526/mo cash flow from $1,957/mo rent with a $1,170/mo payment. Total monthly income totals $1,957/mo, and annual cash flow totals $6,313/yr on $79,229 capital. ROI tracks 27.88% on current figures, and rental yield reads 9.83% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 145.36% and total cumulative return in cash sums $115,164. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,957/mo property income instead of your personal income.
Single Family
Built in 1977
9,583 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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