130 Ridge RdLancingTN37770
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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 Lancing at 130 Ridge Rd, Lancing, TN, 37770 offers a 9.49% rental yield on a $119,900 purchase with $948/mo rent. Total monthly income registers $948/mo, and a $587/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,761/yr on $39,747 to close, and return on cash invested stands at 26.86% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 139.97% and total cumulative return in cash at $55,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $948/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1982
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37770, Lancing, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,341 (100%) |
| Owner Occupied HU | 988 (73.7%) |
| Renter Occupied HU | 174 (13.0%) |
| Vacant Housing Units | 179 (13.3%) |
| Median Home Value | $186,145 |
| Average Home Value | $215,698 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,316
Multi-Family
0
Businesses
27
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Listed by: Gina Knight • RE/MAX Finest
Mls Name: UCMLS
Mls Provider:
Mls ID: #235929
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