1305 Banks Levey RdCottage GroveTN38224
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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 Cottage Grove at 1305 Banks Levey Rd, Cottage Grove, TN, 38224 offers a 4.47% rental yield on a $375,000 purchase with $1,396/mo rent. 72% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 58.66% and total cumulative return in cash at $72,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,396/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
3.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38224, Cottage Grove, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 294 (66.4%) |
| Renter Occupied HU | 94 (21.2%) |
| Vacant Housing Units | 55 (12.4%) |
| Median Home Value | $252,778 |
| Average Home Value | $256,063 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
22
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Listed by: Emory Bradley • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls ID: #134380