325 N College StCovingtonTN38019
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
Investment property for sale in Covington at 325 N College St, Covington, TN, 38019 with 5% annual appreciation on a $159,900 basis while $1,762/mo rent supports operations. Total monthly income totals $1,762/mo and a $783/mo payment preserves $804/mo for cash returns. Annual cash flow comes to $9,653/yr on $53,007 deployed, and return on cash invested reaches 38.12% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 13.22%. Five-year ROI measures 200.3% and total cumulative return in cash totals $106,170.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,762/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38019, Covington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 3,959 (58.4%) |
| Renter Occupied HU | 2,371 (35.0%) |
| Vacant Housing Units | 451 ( 6.7%) |
| Median Home Value | $240,007 |
| Average Home Value | $260,976 |
Housing Distribution
Address Breakdown
Residential
6,326
Single Family
5,851
Multi-Family
475
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Drake Harber • Blue Suede Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #246029
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.