283 Leigh RdRivesTN38253
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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 Rives at 283 Leigh Rd, Rives, TN, 38253 listed at $320,000 pairs $1,696/mo rent with a $1,566/mo payment. Total monthly income runs $1,696/mo. Return on cash invested measures 17.43% in year one, and rental yield registers 6.36% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 89.27% and total cumulative return in cash totals $94,695. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,696/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38253, Rives, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 450 (100%) |
| Owner Occupied HU | 326 (72.4%) |
| Renter Occupied HU | 78 (17.3%) |
| Vacant Housing Units | 46 (10.2%) |
| Median Home Value | $223,529 |
| Average Home Value | $437,646 |
Housing Distribution
Address Breakdown
Residential
393
Single Family
393
Multi-Family
0
Businesses
14
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