3174 Riverdale Rd #4MemphisTN38119
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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 3174 Riverdale Rd #4, Memphis, TN, 38119 offers a 14.65% rental yield on a $179,900 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $881/mo payment leaves $1,120/mo available for distribution. Annual cash flow reaches $13,435/yr on $59,637 to close, and return on cash invested stands at 42.44% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 223.41% and total cumulative return in cash at $133,233. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
0.25 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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Listed by: Kenya Driver • United Real Estate Mid South
Mls Name: MAAR
Mls Provider:
Mls ID: #10184717
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