304 Caden WayPiney FlatsTN37686
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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 Piney Flats at 304 Caden Way, Piney Flats, TN, 37686 uses $140,888 cash to close to unlock $5,952/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $3,040/mo, and a $2,080/mo payment keeps the spread at $496/mo. Purchase price stands at $425,000, and rental yield measures 8.58% with $3,040/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 125.26% and total cumulative return in cash records $176,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,040/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37686, Piney Flats, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,293 (100%) |
| Owner Occupied HU | 2,969 (69.2%) |
| Renter Occupied HU | 890 (20.7%) |
| Vacant Housing Units | 434 (10.1%) |
| Median Home Value | $341,261 |
| Average Home Value | $382,217 |
Housing Distribution
Address Breakdown
Residential
4,122
Single Family
4,122
Multi-Family
0
Businesses
267
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Listed by: Brittany Reed • Selling Stateline Real Estate Group
Mls Name: TVRMLS
Mls ID: #9989946