299 Tom Beasley Rd LOT 1WestmorelandTN37186
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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 Westmoreland at 299 Tom Beasley Rd LOT 1, Westmoreland, TN, 37186 offers a 9.15% rental yield on a $149,500 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $732/mo payment leaves $245/mo available for distribution. Annual cash flow reaches $2,938/yr on $49,559 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $965/yr while 5% annual appreciation supports $41,304 over five years. Portfolio math shows five-year ROI at 134.37% and total cumulative return in cash at $66,593. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $732/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37186, Westmoreland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,216 (100%) |
| Owner Occupied HU | 2,949 (69.9%) |
| Renter Occupied HU | 951 (22.6%) |
| Vacant Housing Units | 316 ( 7.5%) |
| Median Home Value | $232,183 |
| Average Home Value | $292,252 |
Housing Distribution
Address Breakdown
Residential
4,237
Single Family
4,237
Multi-Family
0
Businesses
158
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Listed by: Harold Gene Carman, Jr. • Gene Carman R. E. & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3069446