220 Walden AveOliver SpringsTN37840
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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 Oliver Springs at 220 Walden Ave, Oliver Springs, TN, 37840 offers $1,380/mo rent that, after a $1,456/mo payment. Total monthly income is $1,380/mo. Return on cash invested measures 15.03% in year one, and rental yield stands at 5.57% at a $297,500 entry. Equity gained on principal adds $1,920/yr while 5% annual appreciation compounds into $82,194 by year five. Five-year ROI records 76.46% and total cumulative return in cash reaches $75,403. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,380/mo property income versus a $1,456/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37840, Oliver Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,631 (100%) |
| Owner Occupied HU | 3,358 (72.5%) |
| Renter Occupied HU | 867 (18.7%) |
| Vacant Housing Units | 406 ( 8.8%) |
| Median Home Value | $230,370 |
| Average Home Value | $294,031 |
Housing Distribution
Address Breakdown
Residential
4,142
Single Family
4,142
Multi-Family
0
Businesses
259
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Listed by: Christy Blanco Elder • Keller Williams
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3033643