203 3rd Ave NEWinchesterTN37398
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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 Winchester at 203 3rd Ave NE, Winchester, TN, 37398 uses $91,991 cash to close to unlock $3,625/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $1,963/mo, and a $1,358/mo payment keeps the spread at $302/mo. Purchase price stands at $277,500, and rental yield measures 8.49% with $1,963/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $76,668 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash records $113,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,963/mo property income covering a $1,358/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37398, Winchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,003 (100%) |
| Owner Occupied HU | 5,043 (63.0%) |
| Renter Occupied HU | 1,741 (21.8%) |
| Vacant Housing Units | 1,219 (15.2%) |
| Median Home Value | $329,952 |
| Average Home Value | $399,299 |
Housing Distribution
Address Breakdown
Residential
7,506
Single Family
7,391
Multi-Family
115
Businesses
714
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Listed by: Lindsey Bruce • Highlands Elite Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2982015