228 Stokes LnGainesboroTN38562
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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 Gainesboro at 228 Stokes Ln, Gainesboro, TN, 38562 offers a 7.41% rental yield on a $184,500 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $903/mo payment leaves $36/mo available for distribution. Annual cash flow reaches $427/yr on $61,162 to close, and return on cash invested stands at 20.61% in year one. Equity gained on principal adds $1,191/yr while 5% annual appreciation supports $50,974 over five years. Portfolio math shows five-year ROI at 106.34% and total cumulative return in cash at $65,042. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $903/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38562, Gainesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,543 (100%) |
| Owner Occupied HU | 2,370 (66.9%) |
| Renter Occupied HU | 637 (18.0%) |
| Vacant Housing Units | 536 (15.1%) |
| Median Home Value | $191,111 |
| Average Home Value | $237,893 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,965
Multi-Family
85
Businesses
201
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Listed by: Mary Porter • The Real Estate Collective
Mls Name: UCMLS
Mls Provider:
Mls ID: #235755
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