1502 Richardson StAthensTN37303
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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 Athens at 1502 Richardson St, Athens, TN, 37303 listed at $161,000 pairs $1,269/mo rent with a $788/mo payment to leave $305/mo cash flow. Total monthly income runs $1,269/mo, and annual cash flow reaches $3,663/yr on $53,372 cash to close. Return on cash invested measures 26.77% in year one, and rental yield registers 9.46% at a $161,000 basis. Equity gained on principal adds $1,039/yr, and annual property appreciation at 5% supports $44,481 by year five. Five-year ROI tracks 139.43% and total cumulative return in cash totals $74,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,269/mo property income relative to a $788/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37303, Athens, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 7,550 (61.6%) |
| Renter Occupied HU | 3,547 (29.0%) |
| Vacant Housing Units | 1,153 ( 9.4%) |
| Median Home Value | $270,383 |
| Average Home Value | $305,103 |
Housing Distribution
Address Breakdown
Residential
11,687
Single Family
11,132
Multi-Family
555
Businesses
871
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