16 Brookfield DrOakfieldTN38362
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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 Oakfield at 16 Brookfield Dr, Oakfield, TN, 38362 priced at $320,000 converts $1,768/mo rent into after a $1,566/mo obligation. Total monthly income equals $1,768/mo. Return on cash invested prints 18.24% in year one, and rental yield reads 6.63% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 93.65% and total cumulative return in cash sums $99,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,768/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38362, Oakfield, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 526 (100%) |
| Owner Occupied HU | 423 (80.4%) |
| Renter Occupied HU | 76 (14.4%) |
| Vacant Housing Units | 27 ( 5.1%) |
| Median Home Value | $289,286 |
| Average Home Value | $302,689 |
Housing Distribution
Address Breakdown
Residential
512
Single Family
512
Multi-Family
0
Businesses
18
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