302 Edgewood StLafayetteTN37083
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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 Lafayette at 302 Edgewood St, Lafayette, TN, 37083 earns $323/mo cash flow from $1,371/mo rent with a $857/mo payment. Total monthly income totals $1,371/mo, and annual cash flow totals $3,876/yr on $58,013 capital. ROI tracks 26.59% on current figures, and rental yield reads 9.4% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 138.4% and total cumulative return in cash sums $80,287. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,371/mo property income instead of your personal income.
Single Family
Built in 1948
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37083, Lafayette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,249 (100%) |
| Owner Occupied HU | 4,625 (63.8%) |
| Renter Occupied HU | 2,050 (28.3%) |
| Vacant Housing Units | 574 ( 7.9%) |
| Median Home Value | $249,414 |
| Average Home Value | $301,902 |
Housing Distribution
Address Breakdown
Residential
6,707
Single Family
6,593
Multi-Family
114
Businesses
528
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