2 Farris Ln, Leoma, TN, 38468 | 4.71% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2 Farris Ln, Leoma, TN, 38468 | 4.71% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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244 Beartown Rd S, Loretto, TN, 38469

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

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Investment Highlights

Rental property for sale in Leoma at 2 Farris Ln, Leoma, TN, 38468 priced at $328,500 converts $1,290/mo rent into after a $1,608/mo obligation. Total monthly income equals $1,290/mo. Return on cash invested prints 12.45% in year one, and rental yield reads 4.71% against a $328,500 entry. Equity gained on principal adds $2,120/yr, while 5% annual appreciation compiles into $90,758 by year five. Five-year ROI reaches 62.61% and total cumulative return in cash sums $68,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,290/mo property income covering a $1,608/mo payment, not borrower’s personal income.

Manufactured

Built in 1998

3.08 Acres lot

$N/A/sqft

No HOA

More details about the property

Country home for sale on 3.09 acres in Leoma, TN. Located in Lawrence County, this well-kept 3 Bed 2 Bath mobile home on a permanent foundation features an extra room for a home office, hardwood floors, spacious living areas, and a screened-in sunroom for year-round enjoyment. The property includes an outbuilding for a workshop or extra storage, plus room for a few animals such as horses, cows, goats, or other livestock animals. Minutes to Lawrenceburg and only about 40 minutes to Florence, AL, for shopping, dining, and entertainment. Enjoy the best of country living with room for animals, gardening, and outdoor entertaining in a convenient location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38468, Leoma, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,435 (100%)
Owner Occupied HU	1,846 (75.8%)
Renter Occupied HU	373 (15.3%)
Vacant Housing Units	216 ( 8.9%)
Median Home Value	$295,248
Average Home Value	$335,821