305 River Point DrCharlestonTN37310
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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 Charleston at 305 River Point Dr, Charleston, TN, 37310 generates $2,400/mo in rent, after a $3,549/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 10.3% in year one, and rental yield is 3.97% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 51.01% and total cumulative return in cash sums $121,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
1.50 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Cindi Richardson • Richardson Group KW Cleveland
Mls Name: East Tennessee Realtors
Mls ID: #1315466