6992 Corsica DrGermantownTN38138
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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 Germantown at 6992 Corsica Dr, Germantown, TN, 38138 generates $3,305/mo in rent and, after a $2,447/mo payment, leaves $312/mo in cash flow. Total monthly income is $3,305/mo, and annual cash flow is $3,747/yr on $165,717 invested. Return on cash invested sits at 22.17% in year one, and rental yield is 7.93% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 114.72% and total cumulative return in cash sums $190,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,305/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38138, Germantown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,898 (100%) |
| Owner Occupied HU | 8,011 (73.5%) |
| Renter Occupied HU | 2,271 (20.8%) |
| Vacant Housing Units | 616 ( 5.7%) |
| Median Home Value | $442,374 |
| Average Home Value | $499,365 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
9,218
Multi-Family
1,792
Businesses
1,076
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Listed by: Michael J Bryan • Bryan Realty Group
Mls Name: MAAR
Mls ID: #10203105