15 Bailey Ridge LnRossvilleTN38066
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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 Rossville at 15 Bailey Ridge Ln, Rossville, TN, 38066 uses $148,512 cash to close to unlock $3,959/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $3,012/mo, and a $2,193/mo payment keeps the spread at $330/mo. Purchase price stands at $448,000, and rental yield measures 8.07% with $3,012/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash records $173,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,012/mo property income covering a $2,193/mo payment rather than investor’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38066, Rossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,453 (100%) |
| Owner Occupied HU | 1,217 (83.8%) |
| Renter Occupied HU | 177 (12.2%) |
| Vacant Housing Units | 59 ( 4.1%) |
| Median Home Value | $453,349 |
| Average Home Value | $474,984 |
Housing Distribution
Address Breakdown
Residential
1,445
Single Family
1,424
Multi-Family
21
Businesses
126
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