322 Farrar PlBrownsvilleTN38012
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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 Brownsville at 322 Farrar Pl, Brownsville, TN, 38012 uses $74,588 cash to close to unlock $8,008/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $2,014/mo, and a $1,101/mo payment keeps the spread at $667/mo. Purchase price stands at $225,000, and rental yield measures 10.74% with $2,014/mo rent. Return on cash invested shows 30.65% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 160.17% and total cumulative return in cash records $119,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,014/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38012, Brownsville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,235 (100%) |
| Owner Occupied HU | 3,273 (52.5%) |
| Renter Occupied HU | 2,315 (37.1%) |
| Vacant Housing Units | 647 (10.4%) |
| Median Home Value | $219,276 |
| Average Home Value | $274,950 |
Housing Distribution
Address Breakdown
Residential
6,009
Single Family
5,728
Multi-Family
281
Businesses
597
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Listed by: Tara Joyner • Conner Real Estate Brownsville
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501881
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