238 Ware LnDecaturTN37322
Nearby investment properties with comparable rents
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
Rental property for sale in Decatur at 238 Ware Ln, Decatur, TN, 37322 offers $2,297/mo rent that, after a $1,542/mo payment, leaves $411/mo cash flow. Total monthly income is $2,297/mo, and annual cash flow is $4,933/yr on $104,423 cash. Return on cash invested measures 24.63% in year one, and rental yield stands at 8.75% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 127.95% and total cumulative return in cash reaches $133,613. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,297/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37322, Decatur, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,189 (100%) |
| Owner Occupied HU | 2,911 (69.5%) |
| Renter Occupied HU | 830 (19.8%) |
| Vacant Housing Units | 448 (10.7%) |
| Median Home Value | $211,136 |
| Average Home Value | $290,059 |
Housing Distribution
Address Breakdown
Residential
3,846
Single Family
3,823
Multi-Family
23
Businesses
196
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