252 Indian Creek DrNew JohnsonvilleTN37134
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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 New Johnsonville at 252 Indian Creek Dr, New Johnsonville, TN, 37134 priced at $498,000 converts $2,306/mo rent into after a $2,437/mo obligation. Total monthly income equals $2,306/mo. Return on cash invested prints 15.01% in year one, and rental yield reads 5.56% against a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation compiles into $137,588 by year five. Five-year ROI reaches 76.29% and total cumulative return in cash sums $125,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,306/mo property income covering a $2,437/mo payment, not borrower’s personal income.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37134, New Johnsonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,284 (100%) |
| Owner Occupied HU | 975 (75.9%) |
| Renter Occupied HU | 183 (14.3%) |
| Vacant Housing Units | 126 ( 9.8%) |
| Median Home Value | $202,099 |
| Average Home Value | $254,856 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
80
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Listed by: Tonya Cooper • Landmark Realty and Auction
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133882
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.