295 Cherokee CirOaklandTN38060
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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 Oakland at 295 Cherokee Cir, Oakland, TN, 38060 priced at $335,000 converts $2,288/mo rent into $282/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,288/mo, and annual cash flow totals $3,387/yr on $111,053 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 8.2% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 118.97% and total cumulative return in cash sums $132,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 2019
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38060, Oakland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,358 (100%) |
| Owner Occupied HU | 4,736 (88.4%) |
| Renter Occupied HU | 467 ( 8.7%) |
| Vacant Housing Units | 155 ( 2.9%) |
| Median Home Value | $326,093 |
| Average Home Value | $344,010 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,570
Multi-Family
0
Businesses
254
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