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$63,000
87d
$349/mo
Estimated monthly Section 8 cashflow
Refreshed Jun 1, 2026
3204 Millwood Rd, Memphis, TN 38109
Memphis, TN 38109
2 bd · 1 ba · 782 sqft · Built 1953Seller financing
Est. rent $1,170/mo · HUD 2025 SAFMR · ZIP 38109
$63,000
87d
$349/mo
3204 Millwood Rd, Memphis, TN 38109
Memphis, TN 38109
2 bd · 1 ba · 782 sqft · Built 1953Seller financing
Est. rent $1,170/mo · HUD 2025 SAFMR · ZIP 38109
Refreshed Jun 1, 2026
Fair Market Rent
2-bedroom
2024$1,298
2025$1,170
YoY change-9.9%
2026$1,080
Source: HUD 2025 Fair Market Rent · ZIP 38109
Housing authority (multiple)
- TN045Millington Housing Authority4888 Bill Knight Rd, Millington, TN, 38053Phone
Estimated monthly cashflow
$349
HUD 2025 SAFMR · ZIP 38109
Assumes 25% down · 7.20% APR · 30-yr fixed.
Section 8 rent$1,170
HUD 2025 SAFMR · ZIP 38109
Property tax-$63
From listing data
Cap rate12.8%Cash-on-cash23.7%DSCR2.09
Open the calculator to change assumptions.
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$27,596
Appreciation
$10,034
Total return
213%
Annualized IRR
25.7%
Annual cashflow
Y1
$4,602
Y2
$5,040
Y3
$5,498
Location
Crime Data
FBI 2025Crime rating
5.9/ 10
Moderate reported crime
Violent / 100k
497
Property / 100k
1,657
4.0-6.9 is a mixed signal. Use caution and verify block-by-block.
Source: FBI Crime Data Explorer · Reported rates per 100,000; verify local block-level conditions