224 Empire AveBaxterTN38544
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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 Baxter at 224 Empire Ave, Baxter, TN, 38544 priced at $115,000 pairs $870/mo rent with $181/mo cash flow after a $563/mo payment. Total monthly income equals $870/mo, and annual cash flow comes to $2,178/yr on $38,123 invested. Return on cash invested is 25.62% in year one, and rental yield stands at 9.08% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 133.27% and total cumulative return in cash reaches $50,805. For financing, Ziffy Mortgage’s DSCR program evaluates $870/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38544, Baxter, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,896 (100%) |
| Owner Occupied HU | 2,768 (71.0%) |
| Renter Occupied HU | 681 (17.5%) |
| Vacant Housing Units | 447 (11.5%) |
| Median Home Value | $303,442 |
| Average Home Value | $350,435 |
Housing Distribution
Address Breakdown
Residential
3,376
Single Family
3,376
Multi-Family
0
Businesses
142
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Listed by: Deanna Jenkins • First Realty Company
Mls Name: UCMLS
Mls Provider:
Mls ID: #239048
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