1508 Turnpike RdSummertownTN38483
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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 Summertown at 1508 Turnpike Rd, Summertown, TN, 38483 offers a 0% rental yield on a $485,000 purchase with $0/mo rent. 76% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
2.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38483, Summertown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 1,971 (76.1%) |
| Renter Occupied HU | 344 (13.3%) |
| Vacant Housing Units | 274 (10.6%) |
| Median Home Value | $293,605 |
| Average Home Value | $339,768 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,369
Multi-Family
104
Businesses
117
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Listed by: Jennifer Graham • RE/MAX Encore
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3071862