231 Country Meadow LnDrummondsTN38023
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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 Drummonds at 231 Country Meadow Ln, Drummonds, TN, 38023 priced at $268,000 converts $1,843/mo rent into $238/mo cash flow after a $1,312/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $2,861/yr on $88,842 invested. Return on cash invested prints 23.13% in year one, and rental yield reads 8.25% against a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation compiles into $74,043 by year five. Five-year ROI reaches 119.87% and total cumulative return in cash sums $106,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $1,312/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38023, Drummonds, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,155 (100%) |
| Owner Occupied HU | 1,551 (72.0%) |
| Renter Occupied HU | 453 (21.0%) |
| Vacant Housing Units | 151 ( 7.0%) |
| Median Home Value | $255,335 |
| Average Home Value | $273,643 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,987
Multi-Family
0
Businesses
41
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