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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Columbia at 1006 Rip Steele Rd, Columbia, TN, 38401 offers $3,078/mo rent that, after a $3,010/mo payment. Total monthly income is $3,078/mo. Return on cash invested measures 16.48% in year one, and rental yield stands at 6.01% at a $615,000 entry. Equity gained on principal adds $3,969/yr while 5% annual appreciation compounds into $169,913 by year five. Five-year ROI records 84.17% and total cumulative return in cash reaches $170,297. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,078/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
4.96 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $615,000 |
| 2019-06-06 | Sold | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $1977.81 | N/A | $103,550 | N/A |
| 2022-04-08 | $1977.81 | 45.76% | $103,550 | 70.66% |
| 2021-04-08 | $1356.94 | N/A | $60,675 | N/A |
Listed by: Stephenie Murrell • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2814385
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-08 08:02:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)
