135 Wardlow StGatesTN38037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gates at 135 Wardlow St, Gates, TN, 38037 with 5% annual appreciation on a $205,000 basis while $2,575/mo rent supports operations. Total monthly income totals $2,575/mo and a $1,003/mo payment preserves $1,348/mo for cash returns. Annual cash flow comes to $16,179/yr on $67,958 deployed, and return on cash invested reaches 43.72% in year one. Equity gained on principal adds $1,323/yr, and five-year appreciation sums $56,638 alongside rental yield of 15.07%. Five-year ROI measures 230.29% and total cumulative return in cash totals $156,498.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,575/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38037, Gates, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 521 (65.0%) |
| Renter Occupied HU | 201 (25.1%) |
| Vacant Housing Units | 79 ( 9.9%) |
| Median Home Value | $156,352 |
| Average Home Value | $200,331 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
603
Multi-Family
14
Businesses
22
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Listed by: Michelle Goode • Collier REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10179837
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