1309 Summitt StAthensTN37303
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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
Rental property for sale in Athens at 1309 Summitt St, Athens, TN, 37303 generates $2,146/mo in rent and, after a $1,468/mo payment, leaves $351/mo in cash flow. Total monthly income is $2,146/mo, and annual cash flow is $4,207/yr on $99,417 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 8.59% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 125.28% and total cumulative return in cash sums $124,552. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,146/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37303, Athens, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 7,550 (61.6%) |
| Renter Occupied HU | 3,547 (29.0%) |
| Vacant Housing Units | 1,153 ( 9.4%) |
| Median Home Value | $270,383 |
| Average Home Value | $305,103 |
Housing Distribution
Address Breakdown
Residential
11,687
Single Family
11,132
Multi-Family
555
Businesses
871
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