3220 Canyon RdMemphisTN38134
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
Rental property for sale in Memphis at 3220 Canyon Rd, Memphis, TN, 38134 generates $1,556/mo in rent and, after a $905/mo payment, leaves $449/mo in cash flow. Total monthly income is $1,556/mo, and annual cash flow is $5,388/yr on $61,328 invested. Return on cash invested sits at 28.7% in year one, and rental yield is 10.09% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 149.77% and total cumulative return in cash sums $91,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,556/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices