19400 Highway 64SomervilleTN38068
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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 Somerville at 19400 Highway 64, Somerville, TN, 38068 offers a 7.95% rental yield on a $285,000 purchase with $1,889/mo rent. Total monthly income registers $1,889/mo, and a $1,395/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,195/yr on $94,478 to close, and return on cash invested stands at 22.23% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 115.03% and total cumulative return in cash at $108,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,889/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38068, Somerville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 3,435 (69.2%) |
| Renter Occupied HU | 1,177 (23.7%) |
| Vacant Housing Units | 354 ( 7.1%) |
| Median Home Value | $323,812 |
| Average Home Value | $405,777 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,484
Multi-Family
183
Businesses
509
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Listed by: Celiesse Edwards Thomas • Harris & Harris Realty Group,
Mls Name: MAAR
Mls Provider:
Mls ID: #10184281
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