204 Midway DrBristolTN37620
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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 Bristol at 204 Midway Dr, Bristol, TN, 37620 offers $1,560/mo rent that, after a $848/mo payment, leaves $523/mo cash flow. Total monthly income is $1,560/mo, and annual cash flow is $6,275/yr on $57,416 cash. Return on cash invested measures 30.84% in year one, and rental yield stands at 10.81% at a $173,200 entry. Equity gained on principal adds $1,118/yr while 5% annual appreciation compounds into $47,852 by year five. Five-year ROI records 161.19% and total cumulative return in cash reaches $92,550. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $848/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,546 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37620, Bristol, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,823 (100%) |
| Owner Occupied HU | 12,091 (64.2%) |
| Renter Occupied HU | 4,843 (25.7%) |
| Vacant Housing Units | 1,889 (10.0%) |
| Median Home Value | $251,361 |
| Average Home Value | $267,384 |
Housing Distribution
Address Breakdown
Residential
18,197
Single Family
17,543
Multi-Family
654
Businesses
1,339
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