306 Ostella Rd LOT 1CornersvilleTN37047
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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 Cornersville at 306 Ostella Rd LOT 1, Cornersville, TN, 37047 generates $1,320/mo in rent, after a $1,419/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 14.72% in year one, and rental yield is 5.46% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 74.78% and total cumulative return in cash sums $71,865. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37047, Cornersville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 885 (72.5%) |
| Renter Occupied HU | 219 (17.9%) |
| Vacant Housing Units | 117 ( 9.6%) |
| Median Home Value | $351,411 |
| Average Home Value | $405,712 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
57
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Listed by: T. Kent Davis • Homestead-Kent Davis Realty & Aucti
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3065286