6924 Tobin DrMemphisTN38133
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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 6924 Tobin Dr, Memphis, TN, 38133 offers a 12.94% rental yield on a $109,000 purchase with $1,175/mo rent. Total monthly income registers $1,175/mo, and a $534/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,264/yr on $36,134 to close, and return on cash invested stands at 37.25% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,115 over five years. Portfolio math shows five-year ROI at 195.7% and total cumulative return in cash at $70,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,175/mo property income against a $534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38133, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,103 (100%) |
| Owner Occupied HU | 5,807 (71.7%) |
| Renter Occupied HU | 2,108 (26.0%) |
| Vacant Housing Units | 188 ( 2.3%) |
| Median Home Value | $298,353 |
| Average Home Value | $325,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,685
Multi-Family
638
Businesses
1,301
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