208 Colwell LnManchesterTN37355
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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 Manchester at 208 Colwell Ln, Manchester, TN, 37355 priced at $280,000 pairs $2,403/mo rent with $727/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,403/mo, and annual cash flow comes to $8,728/yr on $92,820 invested. Return on cash invested is 29.31% in year one, and rental yield stands at 10.3% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 153.02% and total cumulative return in cash reaches $142,029. For financing, Ziffy Mortgage’s DSCR program evaluates $2,403/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1975
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: Irina Menako • Century 21 Coffee County Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3000198