2321 Bible Grove RdLexingtonTN38351
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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 Lexington at 2321 Bible Grove Rd, Lexington, TN, 38351 offers a 8% rental yield on a $249,000 purchase with $1,660/mo rent. Total monthly income registers $1,660/mo, and a $1,219/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,030/yr on $82,544 to close, and return on cash invested stands at 22.37% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 115.8% and total cumulative return in cash at $95,588. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,660/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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