7040 Millers Glen WayMemphisTN38125
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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 7040 Millers Glen Way, Memphis, TN, 38125 earns $635/mo cash flow from $1,832/mo rent with a $979/mo payment. Total monthly income totals $1,832/mo, and annual cash flow totals $7,616/yr on $66,300 capital. ROI tracks 31.4% on current figures, and rental yield reads 10.99% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 164.17% and total cumulative return in cash sums $108,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,832/mo property income instead of your personal income.
Single Family
Built in 2003
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38125, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,108 (100%) |
| Owner Occupied HU | 9,571 (55.9%) |
| Renter Occupied HU | 6,771 (39.6%) |
| Vacant Housing Units | 766 ( 4.5%) |
| Median Home Value | $282,027 |
| Average Home Value | $334,954 |
Housing Distribution
Address Breakdown
Residential
17,486
Single Family
11,626
Multi-Family
5,860
Businesses
712
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