2246 3rd StBristolTN37620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bristol at 2246 3rd St, Bristol, TN, 37620 uses $64,643 cash to close to unlock $5,353/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $954/mo payment keeps the spread at $446/mo. Purchase price stands at $195,000, and rental yield measures 9.93% with $1,613/mo rent. Return on cash invested shows 28.19% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 147.04% and total cumulative return in cash records $95,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37620, Bristol, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,823 (100%) |
| Owner Occupied HU | 12,091 (64.2%) |
| Renter Occupied HU | 4,843 (25.7%) |
| Vacant Housing Units | 1,889 (10.0%) |
| Median Home Value | $251,361 |
| Average Home Value | $267,384 |
Housing Distribution
Address Breakdown
Residential
18,197
Single Family
17,543
Multi-Family
654
Businesses
1,339
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices