1620 W Palestine AveObionTN38240
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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 Obion at 1620 W Palestine Ave, Obion, TN, 38240 priced at $205,000 converts $1,756/mo rent into $529/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,756/mo, and annual cash flow totals $6,351/yr on $67,958 invested. Return on cash invested prints 29.25% in year one, and rental yield reads 10.28% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 152.73% and total cumulative return in cash sums $103,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,756/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38240, Obion, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 886 (100%) |
| Owner Occupied HU | 554 (62.5%) |
| Renter Occupied HU | 207 (23.4%) |
| Vacant Housing Units | 125 (14.1%) |
| Median Home Value | $118,056 |
| Average Home Value | $198,272 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
35
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Listed by: R. Rozanne Rieger • CENTURY 21 GOLDEN SERVICE REALTY
Mls Name: RRAR
Mls ID: #45162
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.