278 Addison AveChapel HillTN37034
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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 Chapel Hill at 278 Addison Ave, Chapel Hill, TN, 37034 generates $2,645/mo in rent and, after a $1,875/mo payment, leaves $352/mo in cash flow. Total monthly income is $2,645/mo, and annual cash flow is $4,223/yr on $126,965 invested. Return on cash invested sits at 23.23% in year one, and rental yield is 8.29% on a $383,000 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation builds toward $105,816 over five years. Five-year ROI reaches 120.41% and total cumulative return in cash sums $152,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,645/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37034, Chapel Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,594 (100%) |
| Owner Occupied HU | 2,973 (82.7%) |
| Renter Occupied HU | 406 (11.3%) |
| Vacant Housing Units | 215 ( 6.0%) |
| Median Home Value | $378,032 |
| Average Home Value | $427,289 |
Housing Distribution
Address Breakdown
Residential
3,737
Single Family
3,714
Multi-Family
23
Businesses
202
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Listed by: John Thomas • Coldwell Banker Southern Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2925702