194 Coleville RdDrummondsTN38023
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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
Investment property for sale in Drummonds at 194 Coleville Rd, Drummonds, TN, 38023 earns $621/mo cash flow from $1,816/mo rent with a $977/mo payment. Total monthly income totals $1,816/mo, and annual cash flow totals $7,453/yr on $66,167 capital. ROI tracks 31.17% on current figures, and rental yield reads 10.92% at a $199,600 purchase. Equity gained on principal adds $1,288/yr, and 5% annual appreciation supports $55,146 over five years. Five-year ROI reaches 163.04% and total cumulative return in cash sums $107,882. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,816/mo property income instead of your personal income.
Single Family
Built in 1977
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38023, Drummonds, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,155 (100%) |
| Owner Occupied HU | 1,551 (72.0%) |
| Renter Occupied HU | 453 (21.0%) |
| Vacant Housing Units | 151 ( 7.0%) |
| Median Home Value | $255,335 |
| Average Home Value | $273,643 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,987
Multi-Family
0
Businesses
41
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