3045 Highway 79nParisTN38242
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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
Rental property for sale in Paris at 3045 Highway 79n, Paris, TN, 38242 generates $2,503/mo in rent and, after a $1,713/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,503/mo, and annual cash flow is $4,895/yr on $116,025 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.58% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 125.19% and total cumulative return in cash sums $145,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,503/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
1.54 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: Alexandria Stout • Tennessee Real Estate Company
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #133922
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.