2323 Salem RdMinor HillTN38473
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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 Minor Hill at 2323 Salem Rd, Minor Hill, TN, 38473 priced at $327,400 pairs $0/mo rent with after a $1,602/mo payment. Total monthly income equals $0/mo. Return on cash invested is -1.76% in year one, and rental yield stands at 0% on a $327,400 basis. Equity gained on principal adds $2,113/yr, and 5% annual appreciation accumulates to $90,455 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,602/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
10.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38473, Minor Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 379 (68.0%) |
| Renter Occupied HU | 106 (19.0%) |
| Vacant Housing Units | 72 (12.9%) |
| Median Home Value | $246,467 |
| Average Home Value | $292,850 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
500
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Karen Wallace Sorrow • TN Crossroads Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3067376