23 Balee Dr, Ethridge, TN, 38456 | 4.3% Rental Yield

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23 Balee Dr, Ethridge, TN, 38456 | 4.3% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ethridge at 23 Balee Dr, Ethridge, TN, 38456 priced at $385,000 pairs $1,380/mo rent with after a $1,884/mo payment. Total monthly income equals $1,380/mo. Return on cash invested is 11.22% in year one, and rental yield stands at 4.3% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 55.97% and total cumulative return in cash reaches $71,434. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2008

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 23 Balee Drive, a lovingly maintained all-brick home tucked away in the quiet Pleasant Valley Place subdivision. This charming three bedroom, two bathroom home offers just over half an acre of peaceful country living. Step inside and youll find a welcoming open floor plan with soaring vaulted and tray ceilings, granite countertops, and durable, easy-to-maintain flooring throughout. The spacious primary suite is a true retreat, featuring a relaxing jacuzzi tub, a large walk-in closet, and a tankless water heater for endless hot water. Outside, a fully fenced-in yard offers privacy and peace of mindperfect for morning coffee on the back patio or watching the sunset over the open skies. The oversized 24x30 shop is ideal for storage, hobbies, or weekend projects, and the two car side-entry garage adds everyday convenience. With a new HVAC system already in place, all thats left to do is move in and make it yours. Located just minutes from Lawrenceburg and a short drive to Columbia, this home is the perfect blend of small-town charm and accessibility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38456, Ethridge, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,877 (100%)
Owner Occupied HU	1,369 (72.9%)
Renter Occupied HU	364 (19.4%)
Vacant Housing Units	144 ( 7.7%)
Median Home Value	$263,797
Average Home Value	$297,043