201 Hodges St NCowanTN37318
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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 Cowan at 201 Hodges St N, Cowan, TN, 37318 priced at $199,000 converts $1,680/mo rent into $489/mo cash flow after a $974/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $5,865/yr on $65,969 invested. Return on cash invested prints 28.8% in year one, and rental yield reads 10.13% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 150.28% and total cumulative return in cash sums $99,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1908
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37318, Cowan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,001 (100%) |
| Owner Occupied HU | 616 (61.5%) |
| Renter Occupied HU | 263 (26.3%) |
| Vacant Housing Units | 122 (12.2%) |
| Median Home Value | $240,260 |
| Average Home Value | $263,348 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
837
Multi-Family
0
Businesses
58
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