106 Harrison StParisTN38242
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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 Paris at 106 Harrison St, Paris, TN, 38242 priced at $109,900 converts $1,289/mo rent into $631/mo cash flow after a $538/mo obligation. Total monthly income equals $1,289/mo, and annual cash flow totals $7,572/yr on $36,432 invested. Return on cash invested prints 40.69% in year one, and rental yield reads 14.07% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 214.18% and total cumulative return in cash sums $78,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,289/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Rachel Presson • RE/MAX Cornerstone Real Estate
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #131756
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