305 Driftwood LoopOaklandTN38060
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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 Oakland at 305 Driftwood Loop, Oakland, TN, 38060 uses $105,749 cash to close to unlock $5,841/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $2,396/mo, and a $1,561/mo payment keeps the spread at $487/mo. Purchase price stands at $319,000, and rental yield measures 9.01% with $2,396/mo rent. Return on cash invested shows 25.43% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 132.19% and total cumulative return in cash records $139,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,396/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38060, Oakland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,358 (100%) |
| Owner Occupied HU | 4,736 (88.4%) |
| Renter Occupied HU | 467 ( 8.7%) |
| Vacant Housing Units | 155 ( 2.9%) |
| Median Home Value | $326,093 |
| Average Home Value | $344,010 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,570
Multi-Family
0
Businesses
254
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