213 Alps DrHohenwaldTN38462
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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 Hohenwald at 213 Alps Dr, Hohenwald, TN, 38462 offers $1,500/mo rent that, after a $929/mo payment, leaves $364/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $4,364/yr on $62,952 cash. Return on cash invested measures 26.84% in year one, and rental yield stands at 9.48% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 139.75% and total cumulative return in cash reaches $87,977. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38462, Hohenwald, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,902 (100%) |
| Owner Occupied HU | 3,360 (68.5%) |
| Renter Occupied HU | 1,046 (21.3%) |
| Vacant Housing Units | 496 (10.1%) |
| Median Home Value | $208,571 |
| Average Home Value | $311,932 |
Housing Distribution
Address Breakdown
Residential
4,720
Single Family
4,640
Multi-Family
80
Businesses
458
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