308 Mill RdWartburgTN37887
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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 Wartburg at 308 Mill Rd, Wartburg, TN, 37887 uses $79,527 cash to close to unlock $7,321/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $1,174/mo payment keeps the spread at $610/mo. Purchase price stands at $239,900, and rental yield measures 10.23% with $2,046/mo rent. Return on cash invested shows 29.12% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 152% and total cumulative return in cash records $120,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37887, Wartburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,146 (100%) |
| Owner Occupied HU | 1,446 (67.4%) |
| Renter Occupied HU | 496 (23.1%) |
| Vacant Housing Units | 204 ( 9.5%) |
| Median Home Value | $175,338 |
| Average Home Value | $217,144 |
Housing Distribution
Address Breakdown
Residential
1,980
Single Family
1,980
Multi-Family
0
Businesses
222
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