247 Cherry AveMc KenzieTN38201
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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 Mc Kenzie at 247 Cherry Ave, Mc Kenzie, TN, 38201 earns $971/mo cash flow from $1,982/mo rent with a $827/mo payment. Total monthly income totals $1,982/mo, and annual cash flow totals $11,646/yr on $56,024 capital. ROI tracks 40.7% on current figures, and rental yield reads 14.07% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 214.06% and total cumulative return in cash sums $119,923. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,982/mo property income instead of your personal income.
Single Family
Built in 1951
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38201, Mc Kenzie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,374 (100%) |
| Owner Occupied HU | 2,635 (60.2%) |
| Renter Occupied HU | 1,118 (25.6%) |
| Vacant Housing Units | 621 (14.2%) |
| Median Home Value | $188,059 |
| Average Home Value | $229,028 |
Housing Distribution
Address Breakdown
Residential
4,125
Single Family
4,071
Multi-Family
54
Businesses
383
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Listed by: Logan Drewry • Casey Drewry Realty
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133191
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.