231 S Palmers Chapel RdCottontownTN37048
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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 Cottontown at 231 S Palmers Chapel Rd, Cottontown, TN, 37048 offers $0/mo rent that, after a $3,167/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.78% in year one, and rental yield stands at 0% at a $647,000 entry. Equity gained on principal adds $4,175/yr while 5% annual appreciation compounds into $178,754 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,167/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
3.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37048, Cottontown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,748 (100%) |
| Owner Occupied HU | 2,333 (84.9%) |
| Renter Occupied HU | 288 (10.5%) |
| Vacant Housing Units | 127 ( 4.6%) |
| Median Home Value | $483,013 |
| Average Home Value | $540,225 |
Housing Distribution
Address Breakdown
Residential
2,691
Single Family
2,691
Multi-Family
0
Businesses
50
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Bob Hoff • Zeitlin Sotheby's International Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3070359