3073 Highway 103RidgelyTN38080
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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 Ridgely at 3073 Highway 103, Ridgely, TN, 38080 uses $57,847 cash to close to unlock $4,758/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $1,441/mo, and a $854/mo payment keeps the spread at $397/mo. Purchase price stands at $174,500, and rental yield measures 9.91% with $1,441/mo rent. Return on cash invested shows 28.13% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 146.74% and total cumulative return in cash records $84,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,441/mo property income covering a $854/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38080, Ridgely, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 622 (53.3%) |
| Renter Occupied HU | 408 (35.0%) |
| Vacant Housing Units | 137 (11.7%) |
| Median Home Value | $126,744 |
| Average Home Value | $195,997 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
933
Multi-Family
44
Businesses
56
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