280 Evans StParsonsTN38363
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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
Investment property for sale in Parsons at 280 Evans St, Parsons, TN, 38363 with 5% annual appreciation on a $149,900 basis while $1,172/mo rent supports operations. Total monthly income totals $1,172/mo and a $734/mo payment preserves $274/mo for cash returns. Annual cash flow comes to $3,292/yr on $49,692 deployed, and return on cash invested reaches 26.53% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.38%. Five-year ROI measures 138.15% and total cumulative return in cash totals $68,651.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,172/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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