312 Rutledge StBristolTN37620
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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 Bristol at 312 Rutledge St, Bristol, TN, 37620 priced at $224,999 converts $1,853/mo rent into $506/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,853/mo, and annual cash flow totals $6,077/yr on $74,587 invested. Return on cash invested prints 28.06% in year one, and rental yield reads 9.88% against a $224,999 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 146.29% and total cumulative return in cash sums $109,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,853/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37620, Bristol, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,823 (100%) |
| Owner Occupied HU | 12,091 (64.2%) |
| Renter Occupied HU | 4,843 (25.7%) |
| Vacant Housing Units | 1,889 (10.0%) |
| Median Home Value | $251,361 |
| Average Home Value | $267,384 |
Housing Distribution
Address Breakdown
Residential
18,197
Single Family
17,543
Multi-Family
654
Businesses
1,339
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