123 Lee Ave #2GainesboroTN38562
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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 Gainesboro at 123 Lee Ave #2, Gainesboro, TN, 38562 generates $1,140/mo in rent, after a $1,664/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 10.38% in year one, and rental yield is 4.02% on a $339,990 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,933 over five years. Five-year ROI reaches 51.46% and total cumulative return in cash sums $57,999. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38562, Gainesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,543 (100%) |
| Owner Occupied HU | 2,370 (66.9%) |
| Renter Occupied HU | 637 (18.0%) |
| Vacant Housing Units | 536 (15.1%) |
| Median Home Value | $191,111 |
| Average Home Value | $237,893 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,965
Multi-Family
85
Businesses
201
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Listed by: Kevin Glover • Century 21 Wright Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3072246