118 Teak LnRickmanTN38580
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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 Rickman at 118 Teak Ln, Rickman, TN, 38580 uses $115,992 cash to close to unlock $5,724/yr annual cash flow and $477/mo monthly cash flow. Total monthly income runs $2,572/mo, and a $1,713/mo payment keeps the spread at $477/mo. Purchase price stands at $349,900, and rental yield measures 8.82% with $2,572/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 129.08% and total cumulative return in cash records $149,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,572/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38580, Rickman, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 728 (79.0%) |
| Renter Occupied HU | 148 (16.1%) |
| Vacant Housing Units | 45 ( 4.9%) |
| Median Home Value | $279,487 |
| Average Home Value | $330,968 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
34
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