229 Davis Rd SEOld FortTN37362
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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 Old Fort at 229 Davis Rd SE, Old Fort, TN, 37362 priced at $1,900,000 pairs $1,531/mo rent with after a $9,300/mo payment. Total monthly income equals $1,531/mo. Return on cash invested is 1.18% in year one, and rental yield stands at 0.97% on a $1,900,000 basis. Equity gained on principal adds $12,260/yr, and 5% annual appreciation accumulates to $524,935 by year five. Five-year ROI measures 2.05% and total cumulative return in cash reaches $12,603. For financing, Ziffy Mortgage’s DSCR program evaluates $1,531/mo property income against a $9,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
23.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37362, Oldfort, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 1,179 (70.6%) |
| Renter Occupied HU | 294 (17.6%) |
| Vacant Housing Units | 198 (11.8%) |
| Median Home Value | $133,131 |
| Average Home Value | $198,813 |
Housing Distribution
Address Breakdown
Residential
1,567
Single Family
1,567
Multi-Family
0
Businesses
22
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