2340 Red Cloud RdTen MileTN37880
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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 Ten Mile at 2340 Red Cloud Rd, Ten Mile, TN, 37880 generates $1,860/mo in rent, after a $4,106/mo payment. Total monthly income is $1,860/mo. Return on cash invested sits at 6.31% in year one, and rental yield is 2.66% on a $839,000 entry. Equity gained on principal adds $5,414/yr, while 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 29.64% and total cumulative return in cash sums $81,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,860/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37880, Ten Mile, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,374 (58.4%) |
| Renter Occupied HU | 266 (11.3%) |
| Vacant Housing Units | 711 (30.2%) |
| Median Home Value | $250,575 |
| Average Home Value | $336,357 |
Housing Distribution
Address Breakdown
Residential
1,834
Single Family
1,834
Multi-Family
0
Businesses
45
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