109 K StMartinTN38237
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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 Martin at 109 K St, Martin, TN, 38237 priced at $629,900 converts $1,050/mo rent into after a $3,083/mo obligation. Total monthly income equals $1,050/mo. Return on cash invested prints 4.31% in year one, and rental yield reads 2% against a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation compiles into $174,030 by year five. Five-year ROI reaches 18.88% and total cumulative return in cash sums $39,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,050/mo property income covering a $3,083/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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Listed by: Dylan Jones • Southern LifeStyle Properties
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501987
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