235 Ernest Looper RdRickmanTN38580
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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
Investment property for sale in Rickman at 235 Ernest Looper Rd, Rickman, TN, 38580 with 5% annual appreciation on a $110,000 basis while $1,615/mo rent supports operations. Total monthly income totals $1,615/mo and a $538/mo payment preserves $957/mo for cash returns. Annual cash flow comes to $11,483/yr on $36,465 deployed, and return on cash invested reaches 51.4% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 17.62%. Five-year ROI measures 271.46% and total cumulative return in cash totals $98,988.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,615/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38580, Rickman, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 728 (79.0%) |
| Renter Occupied HU | 148 (16.1%) |
| Vacant Housing Units | 45 ( 4.9%) |
| Median Home Value | $279,487 |
| Average Home Value | $330,968 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
34
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Listed by: Elaina Morgan • True Blue Realty, LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #231760
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