322 Flatt StSpartaTN38583
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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 Sparta at 322 Flatt St, Sparta, TN, 38583 uses $58,013 cash to close to unlock $3,840/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,368/mo, and a $857/mo payment keeps the spread at $320/mo. Purchase price stands at $175,000, and rental yield measures 9.38% with $1,368/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.06% and total cumulative return in cash records $80,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,368/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38583, Sparta, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,240 (100%) |
| Owner Occupied HU | 8,609 (70.3%) |
| Renter Occupied HU | 2,395 (19.6%) |
| Vacant Housing Units | 1,236 (10.1%) |
| Median Home Value | $233,486 |
| Average Home Value | $282,313 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
11,218
Multi-Family
255
Businesses
728
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