2950 Boyington CvLakelandTN38002
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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
Investment property for sale in Lakeland at 2950 Boyington Cv, Lakeland, TN, 38002 earns $1,070/mo cash flow from $2,956/mo rent with a $1,542/mo payment. Total monthly income totals $2,956/mo, and annual cash flow totals $12,841/yr on $104,423 capital. ROI tracks 32.21% on current figures, and rental yield reads 11.26% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 168.55% and total cumulative return in cash sums $176,009. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,956/mo property income instead of your personal income.
Single Family
Built in 1989
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38002, Arlington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,452 (100%) |
| Owner Occupied HU | 13,262 (80.6%) |
| Renter Occupied HU | 2,646 (16.1%) |
| Vacant Housing Units | 544 ( 3.3%) |
| Median Home Value | $398,786 |
| Average Home Value | $435,881 |
Housing Distribution
Address Breakdown
Residential
16,240
Single Family
15,583
Multi-Family
657
Businesses
738
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