157 E Wardlow StGatesTN38037
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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 Gates at 157 E Wardlow St, Gates, TN, 38037 priced at $134,900 pairs $1,157/mo rent with $350/mo cash flow after a $660/mo payment. Total monthly income equals $1,157/mo, and annual cash flow comes to $4,197/yr on $44,719 invested. Return on cash invested is 29.29% in year one, and rental yield stands at 10.29% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 152.91% and total cumulative return in cash reaches $68,381. For financing, Ziffy Mortgage’s DSCR program evaluates $1,157/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38037, Gates, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 521 (65.0%) |
| Renter Occupied HU | 201 (25.1%) |
| Vacant Housing Units | 79 ( 9.9%) |
| Median Home Value | $156,352 |
| Average Home Value | $200,331 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
603
Multi-Family
14
Businesses
22
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