145 Bishop LnBurnsTN37029
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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 Burns at 145 Bishop Ln, Burns, TN, 37029 earns $514/mo cash flow from $2,040/mo rent with a $1,248/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $6,164/yr on $84,533 capital. ROI tracks 27.2% on current figures, and rental yield reads 9.6% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 141.68% and total cumulative return in cash sums $119,768. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Manufactured
Built in 1997
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37029, Burns, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,863 (100%) |
| Owner Occupied HU | 2,374 (82.9%) |
| Renter Occupied HU | 355 (12.4%) |
| Vacant Housing Units | 134 ( 4.7%) |
| Median Home Value | $376,398 |
| Average Home Value | $408,549 |
Housing Distribution
Address Breakdown
Residential
2,780
Single Family
2,652
Multi-Family
128
Businesses
113
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