6953 Bishops CvBartlettTN38135
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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 Bartlett at 6953 Bishops Cv, Bartlett, TN, 38135 uses $130,943 cash to close to unlock $9,621/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $3,166/mo, and a $1,933/mo payment keeps the spread at $802/mo. Purchase price stands at $395,000, and rental yield measures 9.62% with $3,166/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 141.97% and total cumulative return in cash records $185,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,166/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 2016
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
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