249 Mignon RdAtokaTN38004
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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 Atoka at 249 Mignon Rd, Atoka, TN, 38004 generates $2,015/mo in rent and, after a $1,317/mo payment, leaves $404/mo in cash flow. Total monthly income is $2,015/mo, and annual cash flow is $4,852/yr on $89,174 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 8.99% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 131.8% and total cumulative return in cash sums $117,527. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,015/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
1.78 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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Listed by: Randy Reed • Hometown Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10209088
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