2713 McConnell RdCornersvilleTN37047
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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 Cornersville at 2713 McConnell Rd, Cornersville, TN, 37047 priced at $314,900 converts $1,320/mo rent into after a $1,541/mo obligation. Total monthly income equals $1,320/mo. Return on cash invested prints 13.42% in year one, and rental yield reads 5.03% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 67.8% and total cumulative return in cash sums $70,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37047, Cornersville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 885 (72.5%) |
| Renter Occupied HU | 219 (17.9%) |
| Vacant Housing Units | 117 ( 9.6%) |
| Median Home Value | $351,411 |
| Average Home Value | $405,712 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
57
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Listed by: Lori Dawn Garner, ABR, SRES • Keller Williams Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3047388