309 Kirkpatrick DrSelmerTN38375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Selmer at 309 Kirkpatrick Dr, Selmer, TN, 38375 priced at $359,000 pairs $2,428/mo rent with $279/mo cash flow after a $1,757/mo payment. Total monthly income equals $2,428/mo, and annual cash flow comes to $3,349/yr on $119,009 invested. Return on cash invested is 22.72% in year one, and rental yield stands at 8.12% on a $359,000 basis. Equity gained on principal adds $2,317/yr, and 5% annual appreciation accumulates to $99,185 by year five. Five-year ROI measures 117.7% and total cumulative return in cash reaches $140,071. For financing, Ziffy Mortgage’s DSCR program evaluates $2,428/mo property income against a $1,757/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38375, Selmer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,769 (63.9%) |
| Renter Occupied HU | 1,084 (25.0%) |
| Vacant Housing Units | 482 (11.1%) |
| Median Home Value | $152,363 |
| Average Home Value | $221,034 |
Housing Distribution
Address Breakdown
Residential
3,920
Single Family
3,720
Multi-Family
200
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Cox • MERRIWEATHER REAL ESTATE GROUP
Mls Name: CWTAR
Mls Provider:
Mls ID: #246807
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.