192 New Salem RdBethel SpringsTN38315
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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 Bethel Springs at 192 New Salem Rd, Bethel Springs, TN, 38315 priced at $239,900 converts $2,216/mo rent into $780/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $9,361/yr on $79,527 invested. Return on cash invested prints 31.68% in year one, and rental yield reads 11.08% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 165.76% and total cumulative return in cash sums $131,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38315, Bethel Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,788 (100%) |
| Owner Occupied HU | 1,265 (70.7%) |
| Renter Occupied HU | 328 (18.3%) |
| Vacant Housing Units | 195 (10.9%) |
| Median Home Value | $172,054 |
| Average Home Value | $286,613 |
Housing Distribution
Address Breakdown
Residential
1,719
Single Family
1,719
Multi-Family
0
Businesses
46
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Listed by: Destiny Burns • Stellar Realty Group
Mls Name: CWTAR
Mls ID: #2600202