245 S Mill StLindenTN37096
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 Linden at 245 S Mill St, Linden, TN, 37096 offers $973/mo rent that, after a $1,517/mo payment. Total monthly income is $973/mo. Return on cash invested measures 9.6% in year one, and rental yield stands at 3.77% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 47.33% and total cumulative return in cash reaches $48,643. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $973/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37096, Linden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,577 (100%) |
| Owner Occupied HU | 2,112 (59.0%) |
| Renter Occupied HU | 481 (13.4%) |
| Vacant Housing Units | 984 (27.5%) |
| Median Home Value | $173,939 |
| Average Home Value | $223,615 |
Housing Distribution
Address Breakdown
Residential
2,663
Single Family
2,663
Multi-Family
0
Businesses
177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices