295 Akins Heights LnWestmorelandTN37186
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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 Westmoreland at 295 Akins Heights Ln, Westmoreland, TN, 37186 priced at $119,900 converts $901/mo rent into $183/mo cash flow after a $587/mo obligation. Total monthly income equals $901/mo, and annual cash flow totals $2,197/yr on $39,747 invested. Return on cash invested prints 25.44% in year one, and rental yield reads 9.02% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 132.36% and total cumulative return in cash sums $52,608. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $901/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37186, Westmoreland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,216 (100%) |
| Owner Occupied HU | 2,949 (69.9%) |
| Renter Occupied HU | 951 (22.6%) |
| Vacant Housing Units | 316 ( 7.5%) |
| Median Home Value | $232,183 |
| Average Home Value | $292,252 |
Housing Distribution
Address Breakdown
Residential
4,237
Single Family
4,237
Multi-Family
0
Businesses
158
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Listed by: Ben D. Bray • BHGRE, Ben Bray & Associates
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3034877