2847 Holly Grove RdCovingtonTN38019
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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 Covington at 2847 Holly Grove Rd, Covington, TN, 38019 uses $38,123 cash to close to unlock $2,646/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $909/mo, and a $563/mo payment keeps the spread at $220/mo. Purchase price stands at $115,000, and rental yield measures 9.49% with $909/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 139.88% and total cumulative return in cash records $53,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 2000
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38019, Covington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 3,959 (58.4%) |
| Renter Occupied HU | 2,371 (35.0%) |
| Vacant Housing Units | 451 ( 6.7%) |
| Median Home Value | $240,007 |
| Average Home Value | $260,976 |
Housing Distribution
Address Breakdown
Residential
6,326
Single Family
5,851
Multi-Family
475
Businesses
733
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