223 Broadway StObionTN38240
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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
Investment property for sale in Obion at 223 Broadway St, Obion, TN, 38240 listed at $245,000 pairs $1,891/mo rent with a $1,199/mo payment to leave $425/mo cash flow. Total monthly income runs $1,891/mo, and annual cash flow reaches $5,094/yr on $81,218 cash to close. Return on cash invested measures 26.18% in year one, and rental yield registers 9.26% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 136.24% and total cumulative return in cash totals $110,652. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,891/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38240, Obion, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 886 (100%) |
| Owner Occupied HU | 554 (62.5%) |
| Renter Occupied HU | 207 (23.4%) |
| Vacant Housing Units | 125 (14.1%) |
| Median Home Value | $118,056 |
| Average Home Value | $198,272 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
35
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