332 Old Glimp RdRipleyTN38063
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
Rental property for sale in Ripley at 332 Old Glimp Rd, Ripley, TN, 38063 priced at $130,000 converts $991/mo rent into $213/mo cash flow after a $636/mo obligation. Total monthly income equals $991/mo, and annual cash flow totals $2,557/yr on $43,095 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 9.15% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 134.53% and total cumulative return in cash sums $57,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $991/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38063, Ripley, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,158 (100%) |
| Owner Occupied HU | 3,902 (54.5%) |
| Renter Occupied HU | 2,538 (35.5%) |
| Vacant Housing Units | 718 (10.0%) |
| Median Home Value | $157,244 |
| Average Home Value | $180,833 |
Housing Distribution
Address Breakdown
Residential
6,677
Single Family
6,611
Multi-Family
66
Businesses
548
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Worley • Unique Properties
Mls Name: MAAR
Mls Provider:
Mls ID: #10193941
Disclaimer: 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. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2025 Memphis Area Association of REALTORS.