328 Cates RdHallsTN38040
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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 Halls at 328 Cates Rd, Halls, TN, 38040 priced at $290,000 converts $1,198/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,198/mo. Return on cash invested prints 13.2% in year one, and rental yield reads 4.96% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 66.61% and total cumulative return in cash sums $64,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,198/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
20.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38040, Halls, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,177 (100%) |
| Owner Occupied HU | 1,306 (60.0%) |
| Renter Occupied HU | 651 (29.9%) |
| Vacant Housing Units | 220 (10.1%) |
| Median Home Value | $119,071 |
| Average Home Value | $153,419 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
154
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