322 Floyd Akin RdGatesTN38037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gates at 322 Floyd Akin Rd, Gates, TN, 38037 listed at $179,500 pairs $1,064/mo rent with a $879/mo payment. Total monthly income runs $1,064/mo. Return on cash invested measures 19.69% in year one, and rental yield registers 7.11% at a $179,500 basis. Equity gained on principal adds $1,158/yr, and annual property appreciation at 5% supports $49,593 by year five. Five-year ROI tracks 101.48% and total cumulative return in cash totals $60,388. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,064/mo property income relative to a $879/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38037, Gates, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 521 (65.0%) |
| Renter Occupied HU | 201 (25.1%) |
| Vacant Housing Units | 79 ( 9.9%) |
| Median Home Value | $156,352 |
| Average Home Value | $200,331 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
603
Multi-Family
14
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara M Wilson • Unique Properties
Mls Name: MAAR
Mls Provider:
Mls ID: #10198665
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2025 Memphis Area Association of REALTORS.