204 W Depot StFriendshipTN38034
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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 Friendship at 204 W Depot St, Friendship, TN, 38034 priced at $245,000 converts $3,840/mo rent into $2,374/mo cash flow after a $1,199/mo obligation. Total monthly income equals $3,840/mo, and annual cash flow totals $28,482/yr on $81,218 invested. Return on cash invested prints 54.98% in year one, and rental yield reads 18.81% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 290.64% and total cumulative return in cash sums $236,052. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1919
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38034, Friendship, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,420 (100%) |
| Owner Occupied HU | 956 (67.3%) |
| Renter Occupied HU | 321 (22.6%) |
| Vacant Housing Units | 143 (10.1%) |
| Median Home Value | $146,575 |
| Average Home Value | $204,971 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
62
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Listed by: Brian Hinson • Fisher Realty & Auction
Mls Name: CWTAR
Mls Provider:
Mls ID: #242687
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