227 Bruce LnRickmanTN38580
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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 Rickman at 227 Bruce Ln, Rickman, TN, 38580 earns from $2,622/mo rent with a $2,251/mo payment. Total monthly income totals $2,622/mo. ROI tracks 18.88% on current figures, and rental yield reads 6.84% at a $459,900 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 over five years. Five-year ROI reaches 97.04% and total cumulative return in cash sums $147,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,622/mo property income instead of your personal income.
Single Family
Built in 1985
9.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38580, Rickman, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 728 (79.0%) |
| Renter Occupied HU | 148 (16.1%) |
| Vacant Housing Units | 45 ( 4.9%) |
| Median Home Value | $279,487 |
| Average Home Value | $330,968 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
34
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