112 Ray StAthensTN37303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Athens at 112 Ray St, Athens, TN, 37303 offers a 9.56% rental yield on a $180,250 purchase with $1,436/mo rent. Total monthly income registers $1,436/mo, and a $882/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,287/yr on $59,753 to close, and return on cash invested stands at 27.08% in year one. Equity gained on principal adds $1,163/yr while 5% annual appreciation supports $49,800 over five years. Portfolio math shows five-year ROI at 141.1% and total cumulative return in cash at $84,311. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,436/mo property income against a $882/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37303, Athens, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 7,550 (61.6%) |
| Renter Occupied HU | 3,547 (29.0%) |
| Vacant Housing Units | 1,153 ( 9.4%) |
| Median Home Value | $270,383 |
| Average Home Value | $305,103 |
Housing Distribution
Address Breakdown
Residential
11,687
Single Family
11,132
Multi-Family
555
Businesses
871
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