193 Horseshoe Bend LnElmwoodTN38560
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 193 Horseshoe Bend Ln, Elmwood, TN, 38560 in Elmwood speaks for itself: 10.77% gross on a $299,900 price, generating $2,692/mo in rent and $896/mo in net income after the $1,349/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,756 stacks alongside $82,857 in projected five-year appreciation and $2,762/yr in principal reduction. Projected total cumulative return: $171,151.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $896 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,692 |
| Total Monthly Debt Service | $1,676 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
5.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38560, Elmwood, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 470 (73.0%) |
| Renter Occupied HU | 87 (13.5%) |
| Vacant Housing Units | 87 (13.5%) |
| Median Home Value | $247,159 |
| Average Home Value | $293,340 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
495
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1997
5.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38560, Elmwood, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 470 (73.0%) |
| Renter Occupied HU | 87 (13.5%) |
| Vacant Housing Units | 87 (13.5%) |
| Median Home Value | $247,159 |
| Average Home Value | $293,340 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
495
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vickie Loftis • American Way Real Estate
Mls Name: UCMLS
Mls Provider:
Mls ID: #236330
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