2987 New Bushy Branch RdManchesterTN37355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manchester at 2987 New Bushy Branch Rd, Manchester, TN, 37355 uses $45,416 cash to close to unlock $3,305/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,096/mo, and a $671/mo payment keeps the spread at $275/mo. Purchase price stands at $137,000, and rental yield measures 9.6% with $1,096/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 141.66% and total cumulative return in cash records $64,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,096/mo property income covering a $671/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Elias • Zach Taylor Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2927409