2981 Sharp Top RdPalmyraTN37142
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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 Palmyra at 2981 Sharp Top Rd, Palmyra, TN, 37142 earns $120/mo cash flow from $2,572/mo rent with a $2,005/mo payment. Total monthly income totals $2,572/mo, and annual cash flow totals $1,438/yr on $135,782 capital. ROI tracks 20.97% on current figures, and rental yield reads 7.54% at a $409,600 purchase. Equity gained on principal adds $2,643/yr, and 5% annual appreciation supports $113,165 over five years. Five-year ROI reaches 108.25% and total cumulative return in cash sums $146,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,572/mo property income instead of your personal income.
Home Type Unknown
Built in 2023
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37142, Palmyra, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 671 (81.3%) |
| Renter Occupied HU | 114 (13.8%) |
| Vacant Housing Units | 40 ( 4.8%) |
| Median Home Value | $365,000 |
| Average Home Value | $429,948 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
15
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