3388 Budds Creek RdPalmyraTN37142
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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 Palmyra at 3388 Budds Creek Rd, Palmyra, TN, 37142 priced at $394,000 converts $2,040/mo rent into after a $1,928/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 16.99% in year one, and rental yield reads 6.21% against a $394,000 entry. Equity gained on principal adds $2,542/yr, while 5% annual appreciation compiles into $108,855 by year five. Five-year ROI reaches 86.89% and total cumulative return in cash sums $113,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,928/mo payment, not borrower’s personal income.
Single Family
Built in 1988
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37142, Palmyra, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 671 (81.3%) |
| Renter Occupied HU | 114 (13.8%) |
| Vacant Housing Units | 40 ( 4.8%) |
| Median Home Value | $365,000 |
| Average Home Value | $429,948 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
15
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Nearby investment properties with comparable prices
Listed by: Ken Adams • Ken Adams Real Estate Team
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2964929
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-02 08:03:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)