232 Ridgedale DrJacksonTN38305
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Nearby investment properties with comparable prices
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 Jackson at 232 Ridgedale Dr, Jackson, TN, 38305 priced at $162,000 pairs $1,678/mo rent with $708/mo cash flow after a $793/mo payment. Total monthly income equals $1,678/mo, and annual cash flow comes to $8,498/yr on $53,703 invested. Return on cash invested is 35.73% in year one, and rental yield stands at 12.43% on a $162,000 basis. Equity gained on principal adds $1,045/yr, and 5% annual appreciation accumulates to $44,758 by year five. Five-year ROI measures 187.53% and total cumulative return in cash reaches $100,709. For financing, Ziffy Mortgage’s DSCR program evaluates $1,678/mo property income against a $793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38305, Jackson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,405 (100%) |
| Owner Occupied HU | 14,534 (62.1%) |
| Renter Occupied HU | 7,317 (31.3%) |
| Vacant Housing Units | 1,554 ( 6.6%) |
| Median Home Value | $272,148 |
| Average Home Value | $321,889 |
Housing Distribution
Address Breakdown
Residential
22,756
Single Family
20,306
Multi-Family
2,450
Businesses
2,097
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Listed by: Clinton Hutchison • CRYE*LEIKE Blue Skies Real Es
Mls Name: CWTAR
Mls Provider:
Mls ID: #246173
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