1020 Ridgecrest Dr LOT 1ClarksvilleTN37040
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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
Investment property for sale in Clarksville at 1020 Ridgecrest Dr LOT 1, Clarksville, TN, 37040 uses $76,245 cash to close to unlock $9,395/yr annual cash flow and $783/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,126/mo payment keeps the spread at $783/mo. Purchase price stands at $230,000, and rental yield measures 11.27% with $2,160/mo rent. Return on cash invested shows 32.23% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 168.67% and total cumulative return in cash records $128,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1954
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37040, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,083 (100%) |
| Owner Occupied HU | 14,549 (53.7%) |
| Renter Occupied HU | 10,669 (39.4%) |
| Vacant Housing Units | 1,865 ( 6.9%) |
| Median Home Value | $311,417 |
| Average Home Value | $337,491 |
Housing Distribution
Address Breakdown
Residential
25,440
Single Family
22,575
Multi-Family
2,865
Businesses
2,355
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Listed by: Sydney B. Hedrick • Byers & Harvey Inc.
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3069136