331 Edgewood StParisTN38242
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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 Paris at 331 Edgewood St, Paris, TN, 38242 uses $67,460 cash to close to unlock $4,762/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $1,615/mo, and a $996/mo payment keeps the spread at $397/mo. Purchase price stands at $203,500, and rental yield measures 9.52% with $1,615/mo rent. Return on cash invested shows 26.97% in year one, and 5% annual appreciation builds toward $56,223 over five years. Five-year ROI reaches 140.44% and total cumulative return in cash records $94,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,615/mo property income covering a $996/mo payment rather than investor’s personal income.
Single Family
Built in 1921
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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