1824 Elevation JKL Plan, StonehengeManchesterTN37355
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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 Manchester at 1824 Elevation JKL Plan, Stonehenge, Manchester, TN, 37355 offers $2,307/mo rent that, after a $1,635/mo payment, leaves $267/mo cash flow. Total monthly income is $2,307/mo, and annual cash flow is $3,209/yr on $110,718 cash. Return on cash invested measures 22.81% in year one, and rental yield stands at 8.29% at a $333,990 entry. Equity gained on principal adds $2,155/yr while 5% annual appreciation compounds into $92,275 by year five. Five-year ROI records 118.29% and total cumulative return in cash reaches $130,971. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,307/mo property income versus a $1,635/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: N/A • Ole South
Mls Name: Ole South Properties
Mls Provider:
Mls ID: #N/A