294 Highland StRipleyTN38063
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ripley at 294 Highland St, Ripley, TN, 38063 offers $1,436/mo rent that, after a $734/mo payment, leaves $538/mo cash flow. Total monthly income is $1,436/mo, and annual cash flow is $6,459/yr on $49,725 cash. Return on cash invested measures 32.9% in year one, and rental yield stands at 11.49% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 172.3% and total cumulative return in cash reaches $85,674. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,436/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38063, Ripley, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,158 (100%) |
| Owner Occupied HU | 3,902 (54.5%) |
| Renter Occupied HU | 2,538 (35.5%) |
| Vacant Housing Units | 718 (10.0%) |
| Median Home Value | $157,244 |
| Average Home Value | $180,833 |
Housing Distribution
Address Breakdown
Residential
6,677
Single Family
6,611
Multi-Family
66
Businesses
548
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices