181 Horner DrSelmerTN38375
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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 Selmer at 181 Horner Dr, Selmer, TN, 38375 uses $115,694 cash to close to unlock $3,252/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $2,360/mo, and a $1,708/mo payment keeps the spread at $271/mo. Purchase price stands at $349,000, and rental yield measures 8.11% with $2,360/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 117.69% and total cumulative return in cash records $136,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,360/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38375, Selmer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,769 (63.9%) |
| Renter Occupied HU | 1,084 (25.0%) |
| Vacant Housing Units | 482 (11.1%) |
| Median Home Value | $152,363 |
| Average Home Value | $221,034 |
Housing Distribution
Address Breakdown
Residential
3,920
Single Family
3,720
Multi-Family
200
Businesses
468
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Listed by: Rhonda Wheeler • Farm & Home Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10180431
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