1039 Old Columbia RdChapel HillTN37034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chapel Hill at 1039 Old Columbia Rd, Chapel Hill, TN, 37034 uses $99,119 cash to close to unlock $7,327/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,463/mo payment keeps the spread at $611/mo. Purchase price stands at $299,000, and rental yield measures 9.63% with $2,400/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 142.23% and total cumulative return in cash records $140,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37034, Chapel Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,594 (100%) |
| Owner Occupied HU | 2,973 (82.7%) |
| Renter Occupied HU | 406 (11.3%) |
| Vacant Housing Units | 215 ( 6.0%) |
| Median Home Value | $378,032 |
| Average Home Value | $427,289 |
Housing Distribution
Address Breakdown
Residential
3,737
Single Family
3,714
Multi-Family
23
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Smith • Purpose Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3046644