238 S Parkway StDresdenTN38225
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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 Dresden at 238 S Parkway St, Dresden, TN, 38225 offers a 7.36% rental yield on a $249,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $1,219/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $446/yr on $82,544 to close, and return on cash invested stands at 20.45% 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 105.51% and total cumulative return in cash at $87,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38225, Dresden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,727 (100%) |
| Owner Occupied HU | 1,717 (63.0%) |
| Renter Occupied HU | 721 (26.4%) |
| Vacant Housing Units | 289 (10.6%) |
| Median Home Value | $170,139 |
| Average Home Value | $213,014 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,531
Multi-Family
0
Businesses
233
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Listed by: Alex Bynum • WENDELL ALEXANDER REALTY
Mls Name: RRAR
Mls ID: #45467
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.