1004 Cherry Island RdBuchananTN38222
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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 Buchanan at 1004 Cherry Island Rd, Buchanan, TN, 38222 offers $1,411/mo rent that, after a $1,417/mo payment. Total monthly income is $1,411/mo. Return on cash invested measures 15.88% in year one, and rental yield stands at 5.85% at a $289,500 entry. Equity gained on principal adds $1,868/yr while 5% annual appreciation compounds into $79,984 by year five. Five-year ROI records 80.95% and total cumulative return in cash reaches $77,691. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,411/mo property income versus a $1,417/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2011
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38222, Buchanan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,695 (100%) |
| Owner Occupied HU | 986 (58.2%) |
| Renter Occupied HU | 190 (11.2%) |
| Vacant Housing Units | 519 (30.6%) |
| Median Home Value | $224,107 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
59
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Listed by: Carrye Jackson • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133972
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.