184 Passmore LnJacksonTN38305
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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 Jackson at 184 Passmore Ln, Jackson, TN, 38305 priced at $299,000 converts $2,494/mo rent into $705/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,494/mo, and annual cash flow totals $8,455/yr on $99,119 invested. Return on cash invested prints 28.44% in year one, and rental yield reads 10.01% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 148.33% and total cumulative return in cash sums $147,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38305, Jackson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,405 (100%) |
| Owner Occupied HU | 14,534 (62.1%) |
| Renter Occupied HU | 7,317 (31.3%) |
| Vacant Housing Units | 1,554 ( 6.6%) |
| Median Home Value | $272,148 |
| Average Home Value | $321,889 |
Housing Distribution
Address Breakdown
Residential
22,756
Single Family
20,306
Multi-Family
2,450
Businesses
2,097
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Listed by: Jennifer A Clark • KAIZEN Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501412
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