2110 Red Top Hill RdBuchananTN38222
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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 Buchanan at 2110 Red Top Hill Rd, Buchanan, TN, 38222 priced at $429,900 converts $1,457/mo rent into after a $2,104/mo obligation. Total monthly income equals $1,457/mo. Return on cash invested prints 10.51% in year one, and rental yield reads 4.07% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 52.17% and total cumulative return in cash sums $74,347. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,457/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38222, Buchanan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,695 (100%) |
| Owner Occupied HU | 986 (58.2%) |
| Renter Occupied HU | 190 (11.2%) |
| Vacant Housing Units | 519 (30.6%) |
| Median Home Value | $224,107 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
59
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Listed by: Will McKee • Coldwell Banker McKee Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #234448
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