113 N Highland StParisTN38242
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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 Paris at 113 N Highland St, Paris, TN, 38242 with 5% annual appreciation on a $154,900 basis while $1,954/mo rent supports operations. Total monthly income totals $1,954/mo and a $758/mo payment preserves $1,027/mo for cash returns. Annual cash flow comes to $12,323/yr on $51,349 deployed, and return on cash invested reaches 43.91% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,796 alongside rental yield of 15.14%. Five-year ROI measures 231.23% and total cumulative return in cash totals $118,736.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,954/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Lisa Ballinger • L A Realty,LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #247191
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