1101 Chestnut DrBurnsTN37029
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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
Investment property for sale in Burns at 1101 Chestnut Dr, Burns, TN, 37029 uses $49,692 cash to close to unlock $3,376/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,179/mo, and a $734/mo payment keeps the spread at $281/mo. Purchase price stands at $149,900, and rental yield measures 9.44% with $1,179/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 139.07% and total cumulative return in cash records $69,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,179/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37029, Burns, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,863 (100%) |
| Owner Occupied HU | 2,374 (82.9%) |
| Renter Occupied HU | 355 (12.4%) |
| Vacant Housing Units | 134 ( 4.7%) |
| Median Home Value | $376,398 |
| Average Home Value | $408,549 |
Housing Distribution
Address Breakdown
Residential
2,780
Single Family
2,652
Multi-Family
128
Businesses
113
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