311 S 6th StSelmerTN38375
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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 Selmer at 311 S 6th St, Selmer, TN, 38375 offers a 11.85% rental yield on a $149,900 purchase with $1,480/mo rent. Total monthly income registers $1,480/mo, and a $734/mo payment leaves $582/mo available for distribution. Annual cash flow reaches $6,988/yr on $49,692 to close, and return on cash invested stands at 33.97% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 178.05% and total cumulative return in cash at $88,475. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,480/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
10,018 sqft 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
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