231 Pine StButlerTN37640
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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 Butler at 231 Pine St, Butler, TN, 37640 priced at $305,000 converts $1,993/mo rent into $167/mo cash flow after a $1,493/mo obligation. Total monthly income equals $1,993/mo, and annual cash flow totals $2,004/yr on $101,108 invested. Return on cash invested prints 21.89% in year one, and rental yield reads 7.84% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 113.26% and total cumulative return in cash sums $114,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37640, Butler, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,436 (100%) |
| Owner Occupied HU | 1,423 (58.4%) |
| Renter Occupied HU | 312 (12.8%) |
| Vacant Housing Units | 701 (28.8%) |
| Median Home Value | $182,172 |
| Average Home Value | $251,073 |
Housing Distribution
Address Breakdown
Residential
2,069
Single Family
2,069
Multi-Family
0
Businesses
64
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