115 Oak StSpartaTN38583
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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 Sparta at 115 Oak St, Sparta, TN, 38583 with 5% annual appreciation on a $210,000 basis while $1,687/mo rent supports operations. Total monthly income totals $1,687/mo and a $1,028/mo payment preserves $430/mo for cash returns. Annual cash flow comes to $5,157/yr on $69,615 deployed, and return on cash invested reaches 27.32% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 9.64%. Five-year ROI measures 142.3% and total cumulative return in cash totals $99,064.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,687/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38583, Sparta, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,240 (100%) |
| Owner Occupied HU | 8,609 (70.3%) |
| Renter Occupied HU | 2,395 (19.6%) |
| Vacant Housing Units | 1,236 (10.1%) |
| Median Home Value | $233,486 |
| Average Home Value | $282,313 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
11,218
Multi-Family
255
Businesses
728
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Listed by: Ryan George • JD's Realty & Auction, LLC
Mls Name: RCAR
Mls Provider:
Mls ID: #20251617
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the River Counties Multiple Listing Service, Inc. Copyright 2025. All rights reserved Data is updated as of 2025-04-11 07:41:17 PDT. Some properties, which appear for sale on this web site, may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advised interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings displayed may not belong to the firm whose website is being visited The information provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.