297 Stover RdMartinTN38237
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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 Martin at 297 Stover Rd, Martin, TN, 38237 at $375,000 posts ROI 23.25% with $347/mo cash flow from $2,591/mo rent. Total monthly income equals $2,591/mo, and annual cash flow records $4,159/yr on $124,313 to close. Return on cash invested measures 23.25% and rental yield reads 8.29% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 120.53% and total cumulative return in cash totals $149,835.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,591/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
4.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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Listed by: Jackie Siler • LPT REALTY
Mls Name: RRAR
Mls ID: #45530
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.