232 2nd AveHornbeakTN38232
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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 Hornbeak at 232 2nd Ave, Hornbeak, TN, 38232 earns $194/mo cash flow from $942/mo rent with a $612/mo payment. Total monthly income totals $942/mo, and annual cash flow totals $2,322/yr on $41,438 capital. ROI tracks 25.51% on current figures, and rental yield reads 9.04% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 132.67% and total cumulative return in cash sums $54,977. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $942/mo property income instead of your personal income.
Manufactured
Built in 1988
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38232, Hornbeak, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 656 (62.5%) |
| Renter Occupied HU | 156 (14.9%) |
| Vacant Housing Units | 237 (22.6%) |
| Median Home Value | $173,958 |
| Average Home Value | $240,011 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
38
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