320 Wilkinstown RdParsonsTN38363
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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 Parsons at 320 Wilkinstown Rd, Parsons, TN, 38363 priced at $224,888 converts $1,813/mo rent into $467/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,813/mo, and annual cash flow totals $5,598/yr on $74,550 invested. Return on cash invested prints 27.42% in year one, and rental yield reads 9.67% against a $224,888 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,132 by year five. Five-year ROI reaches 142.85% and total cumulative return in cash sums $106,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,813/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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