206 Hopewell StGleasonTN38229
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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 Gleason at 206 Hopewell St, Gleason, TN, 38229 priced at $235,000 pairs $1,297/mo rent with after a $1,150/mo payment. Total monthly income equals $1,297/mo. Return on cash invested is 18.22% in year one, and rental yield stands at 6.62% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 93.54% and total cumulative return in cash reaches $72,868. For financing, Ziffy Mortgage’s DSCR program evaluates $1,297/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
12.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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