7829 Gateway Inlet CvMemphisTN38119
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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 7829 Gateway Inlet Cv, Memphis, TN, 38119 uses $94,478 cash to close to unlock $7,391/yr annual cash flow and $616/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,395/mo payment keeps the spread at $616/mo. Purchase price stands at $285,000, and rental yield measures 9.78% with $2,322/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 144.51% and total cumulative return in cash records $136,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
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