286 Pine Grove RdNew HopeTN37380
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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 New Hope at 286 Pine Grove Rd, New Hope, TN, 37380 priced at $355,000 converts $2,290/mo rent into $164/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,290/mo, and annual cash flow totals $1,974/yr on $117,683 invested. Return on cash invested prints 21.59% in year one, and rental yield reads 7.74% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 111.58% and total cumulative return in cash sums $131,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,290/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1980
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37380, South Pittsburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,023 (100%) |
| Owner Occupied HU | 1,920 (63.5%) |
| Renter Occupied HU | 726 (24.0%) |
| Vacant Housing Units | 377 (12.5%) |
| Median Home Value | $213,799 |
| Average Home Value | $256,471 |
Housing Distribution
Address Breakdown
Residential
2,855
Single Family
2,792
Multi-Family
63
Businesses
288
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