1102 Oak Heights Ln #93ColliervilleTN38017
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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 Collierville at 1102 Oak Heights Ln #93, Collierville, TN, 38017 generates $3,190/mo in rent and, after a $1,779/mo payment, leaves $1,014/mo in cash flow. Total monthly income is $3,190/mo, and annual cash flow is $12,170/yr on $120,500 invested. Return on cash invested sits at 30.01% in year one, and rental yield is 10.53% on a $363,500 entry. Equity gained on principal adds $2,346/yr, while 5% annual appreciation builds toward $100,428 over five years. Five-year ROI reaches 156.77% and total cumulative return in cash sums $188,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,190/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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Listed by: Pam Van de Vuurst • Crye-Leike, Inc., REALTORS
Mls Name: MAAR
Mls ID: #10196724