308 N Broadway StObionTN38240
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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 Obion at 308 N Broadway St, Obion, TN, 38240 priced at $110,000 converts $833/mo rent into $175/mo cash flow after a $538/mo obligation. Total monthly income equals $833/mo, and annual cash flow totals $2,099/yr on $36,465 invested. Return on cash invested prints 25.67% in year one, and rental yield reads 9.09% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 133.44% and total cumulative return in cash sums $48,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $833/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 2007
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38240, Obion, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 886 (100%) |
| Owner Occupied HU | 554 (62.5%) |
| Renter Occupied HU | 207 (23.4%) |
| Vacant Housing Units | 125 (14.1%) |
| Median Home Value | $118,056 |
| Average Home Value | $198,272 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
35
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