283 Oak Club Ln #18ColliervilleTN38017
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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 Collierville at 283 Oak Club Ln #18, Collierville, TN, 38017 earns $797/mo cash flow from $2,584/mo rent with a $1,461/mo payment. Total monthly income totals $2,584/mo, and annual cash flow totals $9,567/yr on $98,920 capital. ROI tracks 29.58% on current figures, and rental yield reads 10.39% at a $298,400 purchase. Equity gained on principal adds $1,926/yr, and 5% annual appreciation supports $82,442 over five years. Five-year ROI reaches 154.47% and total cumulative return in cash sums $152,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,584/mo property income instead of your personal income.
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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