1215 Richardson StAthensTN37303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Athens at 1215 Richardson St, Athens, TN, 37303 at $152,000 posts ROI 26.86% with $292/mo cash flow from $1,202/mo rent. Total monthly income equals $1,202/mo, and annual cash flow records $3,505/yr on $50,388 to close. Return on cash invested measures 26.86% and rental yield reads 9.49% at the current $152,000. Equity gained on principal adds $981/yr, and 5% annual appreciation supports $41,995 by year five. Five-year ROI prints 139.98% and total cumulative return in cash totals $70,534.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37303, Athens, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 7,550 (61.6%) |
| Renter Occupied HU | 3,547 (29.0%) |
| Vacant Housing Units | 1,153 ( 9.4%) |
| Median Home Value | $270,383 |
| Average Home Value | $305,103 |
Housing Distribution
Address Breakdown
Residential
11,687
Single Family
11,132
Multi-Family
555
Businesses
871
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Listed by: Tracy Bagley • Silver Key Realty
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1295619
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.