160 Alma LnParsonsTN38363
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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 Parsons at 160 Alma Ln, Parsons, TN, 38363 offers a 9.15% rental yield on a $1,297,500 purchase with $9,895/mo rent. Total monthly income registers $9,895/mo, and a $6,351/mo payment leaves $2,128/mo available for distribution. Annual cash flow reaches $25,531/yr on $420,390 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $8,373/yr while 5% annual appreciation supports $358,475 over five years. Portfolio math shows five-year ROI at 137.51% and total cumulative return in cash at $578,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,895/mo property income against a $6,351/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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Listed by: Katie M Townsend • Compass RE
Mls Name: CWTAR
Mls Provider:
Mls ID: #241756
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