106 Main StSpartaTN38583
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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 Sparta at 106 Main St, Sparta, TN, 38583 priced at $284,900 converts $2,034/mo rent into $329/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $3,948/yr on $94,444 invested. Return on cash invested prints 24.09% in year one, and rental yield reads 8.57% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 124.97% and total cumulative return in cash sums $118,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38583, Sparta, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,240 (100%) |
| Owner Occupied HU | 8,609 (70.3%) |
| Renter Occupied HU | 2,395 (19.6%) |
| Vacant Housing Units | 1,236 (10.1%) |
| Median Home Value | $233,486 |
| Average Home Value | $282,313 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
11,218
Multi-Family
255
Businesses
728
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Listed by: Gina Knight • RE/MAX Finest
Mls Name: UCMLS
Mls Provider:
Mls ID: #228516
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