115 Pier PointSavannahTN38372
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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 Savannah at 115 Pier Point, Savannah, TN, 38372 priced at $1,399,999 converts $2,640/mo rent into after a $6,852/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 5.18% in year one, and rental yield reads 2.26% against a $1,399,999 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation compiles into $386,794 by year five. Five-year ROI reaches 23.5% and total cumulative return in cash sums $106,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $6,852/mo payment, not borrower’s personal income.
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38372, Savannah, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,254 (100%) |
| Owner Occupied HU | 5,408 (58.4%) |
| Renter Occupied HU | 2,164 (23.4%) |
| Vacant Housing Units | 1,682 (18.2%) |
| Median Home Value | $184,238 |
| Average Home Value | $215,183 |
Housing Distribution
Address Breakdown
Residential
7,996
Single Family
7,764
Multi-Family
232
Businesses
749
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Listed by: Duane Wright • Duane Wright Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10194612
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