103 Reaves Cove RdColumbiaTN38401
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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 Columbia at 103 Reaves Cove Rd, Columbia, TN, 38401 priced at $210,000 converts $1,475/mo rent into $218/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,475/mo, and annual cash flow totals $2,613/yr on $69,615 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 8.43% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 122.72% and total cumulative return in cash sums $85,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,475/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
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