2862 Benton Ridge RdPalmyraTN37142
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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
Total monthly income runs $2,040/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 2.88% with $2,040/mo rent. Return on cash invested shows 6.98% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 33.22% and total cumulative return in cash records $92,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37142, Palmyra, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 671 (81.3%) |
| Renter Occupied HU | 114 (13.8%) |
| Vacant Housing Units | 40 ( 4.8%) |
| Median Home Value | $365,000 |
| Average Home Value | $429,948 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
15
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