124 Old Lafayette RdBig RockTN37023
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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 Big Rock at 124 Old Lafayette Rd, Big Rock, TN, 37023 generates $1,170/mo in rent, after a $1,593/mo payment. Total monthly income is $1,170/mo. Return on cash invested sits at 11.25% in year one, and rental yield is 4.31% on a $325,560 entry. Equity gained on principal adds $2,101/yr, while 5% annual appreciation builds toward $89,946 over five years. Five-year ROI reaches 56.17% and total cumulative return in cash sums $60,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,170/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
4.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37023, Big Rock, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 597 (68.7%) |
| Renter Occupied HU | 182 (20.9%) |
| Vacant Housing Units | 90 (10.4%) |
| Median Home Value | $232,108 |
| Average Home Value | $275,586 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
719
Multi-Family
0
Businesses
8
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