289 Harbor View RdButlerTN37640
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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 Butler at 289 Harbor View Rd, Butler, TN, 37640 generates $3,192/mo in rent, after a $3,788/mo payment. Total monthly income is $3,192/mo. Return on cash invested sits at 13.15% in year one, and rental yield is 4.95% on a $774,000 entry. Equity gained on principal adds $4,995/yr, while 5% annual appreciation builds toward $213,842 over five years. Five-year ROI reaches 66.36% and total cumulative return in cash sums $168,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,192/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.94 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37640, Butler, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,436 (100%) |
| Owner Occupied HU | 1,423 (58.4%) |
| Renter Occupied HU | 312 (12.8%) |
| Vacant Housing Units | 701 (28.8%) |
| Median Home Value | $182,172 |
| Average Home Value | $251,073 |
Housing Distribution
Address Breakdown
Residential
2,069
Single Family
2,069
Multi-Family
0
Businesses
64
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Listed by: Jerry Redden • Misty Oaks Real Estate
Mls Name: TVRMLS
Mls ID: #9981602
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