2034 Colvett RdAlamoTN38001
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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 Alamo at 2034 Colvett Rd, Alamo, TN, 38001 priced at $247,500 pairs $1,440/mo rent with after a $1,211/mo payment. Total monthly income equals $1,440/mo. Return on cash invested is 19.31% in year one, and rental yield stands at 6.98% on a $247,500 basis. Equity gained on principal adds $1,597/yr, and 5% annual appreciation accumulates to $68,380 by year five. Five-year ROI measures 99.35% and total cumulative return in cash reaches $81,509. For financing, Ziffy Mortgage’s DSCR program evaluates $1,440/mo property income against a $1,211/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38001, Alamo, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,029 (100%) |
| Owner Occupied HU | 1,327 (65.4%) |
| Renter Occupied HU | 531 (26.2%) |
| Vacant Housing Units | 171 ( 8.4%) |
| Median Home Value | $146,922 |
| Average Home Value | $179,026 |
Housing Distribution
Address Breakdown
Residential
1,897
Single Family
1,889
Multi-Family
8
Businesses
234
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Listed by: Skyler Freeman • eXp Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501856
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