303 College StGleasonTN38229
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 Gleason at 303 College St, Gleason, TN, 38229 with 5% annual appreciation on a $116,900 basis while $1,432/mo rent supports operations. Total monthly income totals $1,432/mo and a $572/mo payment preserves $732/mo for cash returns. Annual cash flow comes to $8,789/yr on $38,752 deployed, and return on cash invested reaches 42.59% in year one. Equity gained on principal adds $754/yr, and five-year appreciation sums $32,297 alongside rental yield of 14.7%. Five-year ROI measures 224.27% and total cumulative return in cash totals $86,910.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,432/mo property income versus a $572/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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