256 W Peach StMartinTN38237
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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 Martin at 256 W Peach St, Martin, TN, 38237 priced at $349,500 converts $2,071/mo rent into after a $1,711/mo obligation. Total monthly income equals $2,071/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 7.11% against a $349,500 entry. Equity gained on principal adds $2,255/yr, while 5% annual appreciation compiles into $96,560 by year five. Five-year ROI reaches 101.4% and total cumulative return in cash sums $117,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,071/mo property income covering a $1,711/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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Listed by: Jennifer Hamlin • HAMLIN REAL ESTATE
Mls Name: RRAR
Mls ID: #44987
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.