2442 Long Branch RdSpencerTN38585
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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
Rental property for sale in Spencer at 2442 Long Branch Rd, Spencer, TN, 38585 offers $3,036/mo rent that, after a $4,576/mo payment. Total monthly income is $3,036/mo. Return on cash invested measures 10.07% in year one, and rental yield stands at 3.9% at a $935,000 entry. Equity gained on principal adds $6,033/yr while 5% annual appreciation compounds into $258,323 by year five. Five-year ROI records 49.79% and total cumulative return in cash reaches $153,152. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,036/mo property income versus a $4,576/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38585, Spencer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,494 (73.9%) |
| Renter Occupied HU | 287 (14.2%) |
| Vacant Housing Units | 242 (12.0%) |
| Median Home Value | $182,258 |
| Average Home Value | $255,137 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,983
Multi-Family
25
Businesses
136
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Listed by: Melissa Harmon • RE/MAX Finest
Mls Name: UCMLS
Mls Provider:
Mls ID: #235399
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