1247 Iris Glen Dr LOT 96ClarksvilleTN37042
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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 Clarksville at 1247 Iris Glen Dr LOT 96, Clarksville, TN, 37042 offers a 7.22% rental yield on a $338,000 purchase with $2,034/mo rent. Total monthly income registers $2,034/mo, and a $1,654/mo payment leaves $11/mo available for distribution. Annual cash flow reaches $132/yr on $112,047 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $2,181/yr while 5% annual appreciation supports $93,383 over five years. Portfolio math shows five-year ROI at 103.24% and total cumulative return in cash at $115,682. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $1,654/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37042, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,587 (100%) |
| Owner Occupied HU | 20,235 (53.8%) |
| Renter Occupied HU | 14,701 (39.1%) |
| Vacant Housing Units | 2,651 ( 7.1%) |
| Median Home Value | $276,220 |
| Average Home Value | $299,435 |
Housing Distribution
Address Breakdown
Residential
36,116
Single Family
33,421
Multi-Family
2,695
Businesses
1,037
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Listed by: Joey Williamson • Keller Williams Realty Clarksville
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3049153