229 Ralston RdMartinTN38237
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
Rental property for sale in Martin at 229 Ralston Rd, Martin, TN, 38237 offers $1,358/mo rent that, after a $563/mo payment, leaves $669/mo cash flow. Total monthly income is $1,358/mo, and annual cash flow is $8,034/yr on $38,123 cash. Return on cash invested measures 40.98% in year one, and rental yield stands at 14.17% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 215.68% and total cumulative return in cash reaches $82,221. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,358/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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Nearby investment properties with comparable prices
Listed by: Erik Pieniazek • 1st Class Real Estate Advisors
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502036
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