3080 Bible Hill RdParsonsTN38363
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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 Parsons at 3080 Bible Hill Rd, Parsons, TN, 38363 earns from $3,002/mo rent with a $3,059/mo payment. Total monthly income totals $3,002/mo. ROI tracks 15.75% on current figures, and rental yield reads 5.76% at a $624,900 purchase. Equity gained on principal adds $4,032/yr, and 5% annual appreciation supports $172,648 over five years. Five-year ROI reaches 80.21% and total cumulative return in cash sums $164,909. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,002/mo property income instead of your personal income.
Single Family
Built in 1988
18.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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