240 W Rockwood Ferry 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
Investment property for sale in Ten Mile at 240 W Rockwood Ferry Rd, Ten Mile, TN, 37880 with 5% annual appreciation on a $375,000 basis while $2,880/mo rent supports operations. Total monthly income totals $2,880/mo and a $1,835/mo payment preserves $636/mo for cash returns. Annual cash flow comes to $7,627/yr on $124,313 deployed, and return on cash invested reaches 26.04% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 9.22%. Five-year ROI measures 135.48% and total cumulative return in cash totals $168,423.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,880/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
1.40 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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