344 Greenway PlMemphisTN38117
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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
Rental property for sale in Memphis at 344 Greenway Pl, Memphis, TN, 38117 priced at $398,500 pairs $2,360/mo rent with after a $1,950/mo payment. Total monthly income equals $2,360/mo. Return on cash invested is 19.68% in year one, and rental yield stands at 7.11% on a $398,500 basis. Equity gained on principal adds $2,571/yr, and 5% annual appreciation accumulates to $110,098 by year five. Five-year ROI measures 101.35% and total cumulative return in cash reaches $133,885. For financing, Ziffy Mortgage’s DSCR program evaluates $2,360/mo property income against a $1,950/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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