306 Salt Lick Creek RdRed Boiling SpringsTN37150
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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 Red Boiling Springs at 306 Salt Lick Creek Rd, Red Boiling Springs, TN, 37150 with 5% annual appreciation on a $104,900 basis while $794/mo rent supports operations. Total monthly income totals $794/mo and a $513/mo payment preserves $166/mo for cash returns. Annual cash flow comes to $1,998/yr on $34,774 deployed, and return on cash invested reaches 25.65% in year one. Equity gained on principal adds $677/yr, and five-year appreciation sums $28,982 alongside rental yield of 9.08%. Five-year ROI measures 133.46% and total cumulative return in cash totals $46,410.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $794/mo property income versus a $513/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37150, Red Boiling Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,222 (100%) |
| Owner Occupied HU | 1,449 (65.2%) |
| Renter Occupied HU | 528 (23.8%) |
| Vacant Housing Units | 245 (11.0%) |
| Median Home Value | $205,168 |
| Average Home Value | $322,516 |
Housing Distribution
Address Breakdown
Residential
2,014
Single Family
2,014
Multi-Family
0
Businesses
94
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