190 Neely AveParsonsTN38363
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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 Parsons at 190 Neely Ave, Parsons, TN, 38363 priced at $192,500 converts $1,513/mo rent into $361/mo cash flow after a $942/mo obligation. Total monthly income equals $1,513/mo, and annual cash flow totals $4,330/yr on $63,814 invested. Return on cash invested prints 26.69% in year one, and rental yield reads 9.43% against a $192,500 entry. Equity gained on principal adds $1,242/yr, while 5% annual appreciation compiles into $53,184 by year five. Five-year ROI reaches 138.96% and total cumulative return in cash sums $88,673. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,513/mo property income covering a $942/mo payment, not borrower’s personal income.
Single Family
Built in 2017
0.96 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: Anne Spence-McGee • CRYE*LEIKE Tapestry Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501004
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