1393 Crossview LnColliervilleTN38017
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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 Collierville at 1393 Crossview Ln, Collierville, TN, 38017 generates $3,754/mo in rent and, after a $2,691/mo payment, leaves $463/mo in cash flow. Total monthly income is $3,754/mo, and annual cash flow is $5,552/yr on $180,917 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 8.19% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash sums $216,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,754/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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Listed by: Joyce A McKenzie • Crye-Leike, Inc., REALTORS
Mls Name: MAAR
Mls ID: #10209856