312 Forrest StWatertownTN37184
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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 Watertown at 312 Forrest St, Watertown, TN, 37184 uses $104,423 cash to close to unlock $5,449/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,542/mo payment keeps the spread at $454/mo. Purchase price stands at $315,000, and rental yield measures 8.91% with $2,340/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 130.6% and total cumulative return in cash records $136,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37184, Watertown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,617 (100%) |
| Owner Occupied HU | 1,999 (76.4%) |
| Renter Occupied HU | 441 (16.9%) |
| Vacant Housing Units | 177 ( 6.8%) |
| Median Home Value | $435,174 |
| Average Home Value | $513,923 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,591
Multi-Family
0
Businesses
137
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