298 Florida Ave NParsonsTN38363
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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 Parsons at 298 Florida Ave N, Parsons, TN, 38363 at $190,000 posts ROI 27.66% with $407/mo cash flow from $1,544/mo rent. Total monthly income equals $1,544/mo, and annual cash flow records $4,879/yr on $62,985 to close. Return on cash invested measures 27.66% and rental yield reads 9.75% at the current $190,000. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 by year five. Five-year ROI prints 144.15% and total cumulative return in cash totals $90,792.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,544/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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Listed by: Shelby Robertson • Nest Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503014
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