326 Highway 232DoverTN37058
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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 Dover at 326 Highway 232, Dover, TN, 37058 offers a 9.53% rental yield on a $219,000 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $1,072/mo payment leaves $429/mo available for distribution. Annual cash flow reaches $5,147/yr on $72,599 to close, and return on cash invested stands at 27% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 140.59% and total cumulative return in cash at $102,069. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37058, Dover, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,667 (100%) |
| Owner Occupied HU | 2,283 (62.3%) |
| Renter Occupied HU | 711 (19.4%) |
| Vacant Housing Units | 673 (18.4%) |
| Median Home Value | $223,188 |
| Average Home Value | $288,651 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,258
Multi-Family
28
Businesses
260
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