135 Locust DrErinTN37061
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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 Erin at 135 Locust Dr, Erin, TN, 37061 earns from $0/mo rent with a $1,762/mo payment. Total monthly income totals $0/mo. ROI tracks -1.77% on current figures, and rental yield reads 0% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1960
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37061, Erin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,241 (100%) |
| Owner Occupied HU | 1,534 (68.5%) |
| Renter Occupied HU | 472 (21.1%) |
| Vacant Housing Units | 235 (10.5%) |
| Median Home Value | $223,543 |
| Average Home Value | $288,717 |
Housing Distribution
Address Breakdown
Residential
2,009
Single Family
2,005
Multi-Family
4
Businesses
181
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