224 Kimberly CvRidgelyTN38080
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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 Ridgely at 224 Kimberly Cv, Ridgely, TN, 38080 generates $1,194/mo in rent and, after a $660/mo payment, leaves $387/mo in cash flow. Total monthly income is $1,194/mo, and annual cash flow is $4,641/yr on $44,719 invested. Return on cash invested sits at 30.29% in year one, and rental yield is 10.62% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 158.25% and total cumulative return in cash sums $70,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,194/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38080, Ridgely, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 622 (53.3%) |
| Renter Occupied HU | 408 (35.0%) |
| Vacant Housing Units | 137 (11.7%) |
| Median Home Value | $126,744 |
| Average Home Value | $195,997 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
933
Multi-Family
44
Businesses
56
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Listed by: Karen Paschall • Carousel Realty of Dyer County
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501229
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