313 Fairway DrClarksvilleTN37043
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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 Clarksville at 313 Fairway Dr, Clarksville, TN, 37043 priced at $1,050,000 converts $2,878/mo rent into after a $5,139/mo obligation. Total monthly income equals $2,878/mo. Return on cash invested prints 8.35% in year one, and rental yield reads 3.29% against a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation compiles into $290,096 by year five. Five-year ROI reaches 40.5% and total cumulative return in cash sums $137,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,878/mo property income covering a $5,139/mo payment, not borrower’s personal income.
Single Family
Built in 1987
3.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37043, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,554 (100%) |
| Owner Occupied HU | 16,592 (64.9%) |
| Renter Occupied HU | 7,545 (29.5%) |
| Vacant Housing Units | 1,417 ( 5.5%) |
| Median Home Value | $373,025 |
| Average Home Value | $418,573 |
Housing Distribution
Address Breakdown
Residential
25,065
Single Family
22,587
Multi-Family
2,478
Businesses
1,193
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Listed by: Terrie Buck • Keller Williams Realty Clarksville
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3037820