32 Bay View DrLancasterTN38569
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 Lancaster at 32 Bay View Dr, Lancaster, TN, 38569 priced at $149,000 pairs $2,486/mo rent with $1,544/mo cash flow after a $729/mo payment. Total monthly income equals $2,486/mo, and annual cash flow comes to $18,532/yr on $49,394 invested. Return on cash invested is 57.43% in year one, and rental yield stands at 20.02% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 304.27% and total cumulative return in cash reaches $150,292. For financing, Ziffy Mortgage’s DSCR program evaluates $2,486/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
0.64 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38569, Lancaster, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 360 (100%) |
| Owner Occupied HU | 137 (38.1%) |
| Renter Occupied HU | 49 (13.6%) |
| Vacant Housing Units | 174 (48.3%) |
| Median Home Value | $320,213 |
| Average Home Value | $316,168 |
Housing Distribution
Address Breakdown
Residential
233
Single Family
180
Multi-Family
53
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristie Driver • Center Hill Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2655880
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-19 18:42:05 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)