10309 Goff Ridge RdBaxterTN38544
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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 Baxter at 10309 Goff Ridge Rd, Baxter, TN, 38544 generates $2,370/mo in rent and, after a $1,295/mo payment, leaves $786/mo in cash flow. Total monthly income is $2,370/mo, and annual cash flow is $9,435/yr on $87,682 invested. Return on cash invested sits at 30.67% in year one, and rental yield is 10.75% on a $264,500 entry. Equity gained on principal adds $1,707/yr, while 5% annual appreciation builds toward $73,076 over five years. Five-year ROI reaches 160.33% and total cumulative return in cash sums $140,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,370/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38544, Baxter, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,896 (100%) |
| Owner Occupied HU | 2,768 (71.0%) |
| Renter Occupied HU | 681 (17.5%) |
| Vacant Housing Units | 447 (11.5%) |
| Median Home Value | $303,442 |
| Average Home Value | $350,435 |
Housing Distribution
Address Breakdown
Residential
3,376
Single Family
3,376
Multi-Family
0
Businesses
142
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Listed by: Sonja Brown • American Way Real Estate
Mls Name: UCMLS
Mls Provider:
Mls ID: #239341
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