1198 Norton RdManchesterTN37355
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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 Manchester at 1198 Norton Rd, Manchester, TN, 37355 offers a 5.8% rental yield on a $577,600 purchase with $2,792/mo rent. 86% in year one. Equity gained on principal adds $3,727/yr while 5% annual appreciation supports $159,580 over five years. Portfolio math shows five-year ROI at 80.83% and total cumulative return in cash at $153,599. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,792/mo property income against a $2,827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: N/A • N/A
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