206 School DrHornbeakTN38232
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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 Hornbeak at 206 School Dr, Hornbeak, TN, 38232 listed at $115,000 pairs $1,192/mo rent with a $563/mo payment to leave $503/mo cash flow. Total monthly income runs $1,192/mo, and annual cash flow reaches $6,042/yr on $38,123 cash to close. Return on cash invested measures 35.76% in year one, and rental yield registers 12.44% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 187.66% and total cumulative return in cash totals $71,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,192/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38232, Hornbeak, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 656 (62.5%) |
| Renter Occupied HU | 156 (14.9%) |
| Vacant Housing Units | 237 (22.6%) |
| Median Home Value | $173,958 |
| Average Home Value | $240,011 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
38
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Listed by: Phyllis Larry • C21 Golden Service Realty & Au
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502726
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