116 Fairground DrWaverlyTN37185
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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 Waverly at 116 Fairground Dr, Waverly, TN, 37185 listed at $239,900 pairs $1,611/mo rent with a $1,174/mo payment to leave $175/mo cash flow. Total monthly income runs $1,611/mo, and annual cash flow reaches $2,101/yr on $79,527 cash to close. Return on cash invested measures 22.55% in year one, and rental yield registers 8.06% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 116.8% and total cumulative return in cash totals $92,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,611/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37185, Waverly, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,432 (100%) |
| Owner Occupied HU | 2,589 (58.4%) |
| Renter Occupied HU | 1,050 (23.7%) |
| Vacant Housing Units | 793 (17.9%) |
| Median Home Value | $207,154 |
| Average Home Value | $272,510 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
3,876
Multi-Family
125
Businesses
388
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