242 Timothy RdAtokaTN38004
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 Atoka at 242 Timothy Rd, Atoka, TN, 38004 offers $2,518/mo rent that, after a $1,784/mo payment, leaves $336/mo cash flow. Total monthly income is $2,518/mo, and annual cash flow is $4,033/yr on $120,832 cash. Return on cash invested measures 23.25% in year one, and rental yield stands at 8.29% at a $364,500 entry. Equity gained on principal adds $2,352/yr while 5% annual appreciation compounds into $100,705 by year five. Five-year ROI records 120.5% and total cumulative return in cash reaches $145,602. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,518/mo property income versus a $1,784/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1999
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38004, Atoka, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,488 (100%) |
| Owner Occupied HU | 3,809 (84.9%) |
| Renter Occupied HU | 548 (12.2%) |
| Vacant Housing Units | 131 ( 2.9%) |
| Median Home Value | $302,628 |
| Average Home Value | $323,020 |
Housing Distribution
Address Breakdown
Residential
4,300
Single Family
4,121
Multi-Family
179
Businesses
300
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