135 Wardlow St WGatesTN38037
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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 Gates at 135 Wardlow St W, Gates, TN, 38037 priced at $128,000 converts $0/mo rent into after a $627/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.75% in year one, and rental yield reads 0% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.46 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Michelle Goode • Collier REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10200421
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