129 Ridgeway AveChurch HillTN37642
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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 Church Hill at 129 Ridgeway Ave, Church Hill, TN, 37642 listed at $335,000 pairs $2,229/mo rent with a $1,640/mo payment to leave $223/mo cash flow. Total monthly income runs $2,229/mo, and annual cash flow reaches $2,679/yr on $111,053 cash to close. Return on cash invested measures 22.32% in year one, and rental yield registers 7.98% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 115.54% and total cumulative return in cash totals $128,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,229/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37642, Church Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,151 (100%) |
| Owner Occupied HU | 5,019 (70.2%) |
| Renter Occupied HU | 1,432 (20.0%) |
| Vacant Housing Units | 700 ( 9.8%) |
| Median Home Value | $211,431 |
| Average Home Value | $260,543 |
Housing Distribution
Address Breakdown
Residential
6,847
Single Family
6,847
Multi-Family
0
Businesses
238
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Listed by: Jamie Greene • Century 21 Legacy - Greeneville
Mls Name: TVRMLS
Mls ID: #9989703