102 Ridgemont DrJacksonTN38305
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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 Jackson at 102 Ridgemont Dr, Jackson, TN, 38305 generates $916/mo in rent and, after a $563/mo payment, leaves $227/mo in cash flow. Total monthly income is $916/mo, and annual cash flow is $2,730/yr on $38,123 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 9.56% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 141.04% and total cumulative return in cash sums $53,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $916/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38305, Jackson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,405 (100%) |
| Owner Occupied HU | 14,534 (62.1%) |
| Renter Occupied HU | 7,317 (31.3%) |
| Vacant Housing Units | 1,554 ( 6.6%) |
| Median Home Value | $272,148 |
| Average Home Value | $321,889 |
Housing Distribution
Address Breakdown
Residential
22,756
Single Family
20,306
Multi-Family
2,450
Businesses
2,097
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Listed by: Ronnie Wiggins • eXp Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502530
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