260 Mitchell DrSelmerTN38375
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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 Selmer at 260 Mitchell Dr, Selmer, TN, 38375 priced at $179,000 pairs $1,450/mo rent with $379/mo cash flow after a $876/mo payment. Total monthly income equals $1,450/mo, and annual cash flow comes to $4,543/yr on $59,339 invested. Return on cash invested is 27.57% in year one, and rental yield stands at 9.72% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 143.67% and total cumulative return in cash reaches $85,251. For financing, Ziffy Mortgage’s DSCR program evaluates $1,450/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38375, Selmer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,769 (63.9%) |
| Renter Occupied HU | 1,084 (25.0%) |
| Vacant Housing Units | 482 (11.1%) |
| Median Home Value | $152,363 |
| Average Home Value | $221,034 |
Housing Distribution
Address Breakdown
Residential
3,920
Single Family
3,720
Multi-Family
200
Businesses
468
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