307 Phillips StDyersburgTN38024
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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 Dyersburg at 307 Phillips St, Dyersburg, TN, 38024 uses $81,218 cash to close to unlock $3,234/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,736/mo, and a $1,199/mo payment keeps the spread at $270/mo. Purchase price stands at $245,000, and rental yield measures 8.5% with $1,736/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 123.96% and total cumulative return in cash records $100,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,736/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38024, Dyersburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,864 (100%) |
| Owner Occupied HU | 6,440 (54.3%) |
| Renter Occupied HU | 4,285 (36.1%) |
| Vacant Housing Units | 1,139 ( 9.6%) |
| Median Home Value | $214,416 |
| Average Home Value | $262,802 |
Housing Distribution
Address Breakdown
Residential
11,561
Single Family
11,144
Multi-Family
417
Businesses
1,039
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Listed by: Curtis Colbert • Fisher Realty & Auction
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502893
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