2210 Old Union RdParisTN38242
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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 Paris at 2210 Old Union Rd, Paris, TN, 38242 priced at $259,000 pairs $1,774/mo rent with $223/mo cash flow after a $1,268/mo payment. Total monthly income equals $1,774/mo, and annual cash flow comes to $2,679/yr on $85,859 invested. Return on cash invested is 23.03% in year one, and rental yield stands at 8.22% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 119.35% and total cumulative return in cash reaches $102,472. For financing, Ziffy Mortgage’s DSCR program evaluates $1,774/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2003
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Shirley Robins • Patriot Realty USA, LLC
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133818
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.