248 Mayflower RdRamerTN38367
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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 Ramer at 248 Mayflower Rd, Ramer, TN, 38367 uses $39,747 cash to close to unlock $2,425/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $920/mo, and a $587/mo payment keeps the spread at $202/mo. Purchase price stands at $119,900, and rental yield measures 9.21% with $920/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 135.44% and total cumulative return in cash records $53,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $920/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38367, Ramer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,359 (100%) |
| Owner Occupied HU | 1,001 (73.7%) |
| Renter Occupied HU | 194 (14.3%) |
| Vacant Housing Units | 164 (12.1%) |
| Median Home Value | $224,722 |
| Average Home Value | $276,099 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,139
Multi-Family
0
Businesses
50
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Listed by: Jennifer Gibbs • Farm & Home Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10190829
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