302 Franklin DrParisTN38242
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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 Paris at 302 Franklin Dr, Paris, TN, 38242 earns $532/mo cash flow from $1,906/mo rent with a $1,123/mo payment. Total monthly income totals $1,906/mo, and annual cash flow totals $6,390/yr on $76,079 capital. ROI tracks 28.31% on current figures, and rental yield reads 9.97% at a $229,500 purchase. Equity gained on principal adds $1,481/yr, and 5% annual appreciation supports $63,407 over five years. Five-year ROI reaches 147.64% and total cumulative return in cash sums $112,326. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,906/mo property income instead of your personal income.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Tommy Moody • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #132944
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.