1308 Patriot AveParisTN38242
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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 Paris at 1308 Patriot Ave, Paris, TN, 38242 earns $8/mo cash flow from $2,699/mo rent with a $2,200/mo payment. Total monthly income totals $2,699/mo, and annual cash flow totals $100/yr on $149,009 capital. ROI tracks 19.98% on current figures, and rental yield reads 7.21% at a $449,500 purchase. Equity gained on principal adds $2,901/yr, and 5% annual appreciation supports $124,189 over five years. Five-year ROI reaches 102.94% and total cumulative return in cash sums $153,389. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,699/mo property income instead of your personal income.
Single Family
Built in 1996
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Emory Bradley • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133992
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