2312 Forrest Fields DrChapel HillTN37034
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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
Investment property for sale in Chapel Hill at 2312 Forrest Fields Dr, Chapel Hill, TN, 37034 offers a 7.5% rental yield on a $384,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,879/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,222/yr on $127,296 to close, and return on cash invested stands at 20.87% in year one. Equity gained on principal adds $2,478/yr while 5% annual appreciation supports $106,092 over five years. Portfolio math shows five-year ROI at 107.72% and total cumulative return in cash at $137,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37034, Chapel Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,594 (100%) |
| Owner Occupied HU | 2,973 (82.7%) |
| Renter Occupied HU | 406 (11.3%) |
| Vacant Housing Units | 215 ( 6.0%) |
| Median Home Value | $378,032 |
| Average Home Value | $427,289 |
Housing Distribution
Address Breakdown
Residential
3,737
Single Family
3,714
Multi-Family
23
Businesses
202
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Listed by: Pam Ford • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2897142