119 E Grove RdGleasonTN38229
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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 Gleason at 119 E Grove Rd, Gleason, TN, 38229 priced at $144,900 pairs $1,122/mo rent with $255/mo cash flow after a $709/mo payment. Total monthly income equals $1,122/mo, and annual cash flow comes to $3,058/yr on $48,034 invested. Return on cash invested is 26.27% in year one, and rental yield stands at 9.29% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 136.73% and total cumulative return in cash reaches $65,677. For financing, Ziffy Mortgage’s DSCR program evaluates $1,122/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1947
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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