1382 Pilgrim DrGrimsleyTN38565
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
Rental property for sale in Grimsley at 1382 Pilgrim Dr, Grimsley, TN, 38565 priced at $299,929 pairs $2,237/mo rent with $442/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $5,299/yr on $99,426 invested. Return on cash invested is 25.24% in year one, and rental yield stands at 8.95% on a $299,929 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,865 by year five. Five-year ROI measures 131.16% and total cumulative return in cash reaches $130,406. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38565, Grimsley, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 497 (100%) |
| Owner Occupied HU | 409 (82.3%) |
| Renter Occupied HU | 43 ( 8.7%) |
| Vacant Housing Units | 45 ( 9.1%) |
| Median Home Value | $212,662 |
| Average Home Value | $327,879 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
19
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Nearby investment properties with comparable prices
Listed by: Heather Skender-Newton • Skender-Newton Realty
Mls Name: UCMLS
Mls Provider:
Mls ID: #237958
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