207 Merideth AveWaverlyTN37185
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Waverly at 207 Merideth Ave, Waverly, TN, 37185 offers $1,058/mo rent that, after a $661/mo payment, leaves $250/mo cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,996/yr on $44,753 cash. Return on cash invested measures 26.6% in year one, and rental yield stands at 9.4% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 138.5% and total cumulative return in cash reaches $61,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,058/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37185, Waverly, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,432 (100%) |
| Owner Occupied HU | 2,589 (58.4%) |
| Renter Occupied HU | 1,050 (23.7%) |
| Vacant Housing Units | 793 (17.9%) |
| Median Home Value | $207,154 |
| Average Home Value | $272,510 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
3,876
Multi-Family
125
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices