344 Meadows RdSpartaTN38583
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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 Sparta at 344 Meadows Rd, Sparta, TN, 38583 generates $1,205/mo in rent, after a $783/mo payment. Total monthly income is $1,205/mo. Return on cash invested sits at 3.6% in year one, and rental yield is 9.04% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 23.15% and total cumulative return in cash sums $12,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.35 Acres lot
$N/A/sqft
$968 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38583, Sparta, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,240 (100%) |
| Owner Occupied HU | 8,609 (70.3%) |
| Renter Occupied HU | 2,395 (19.6%) |
| Vacant Housing Units | 1,236 (10.1%) |
| Median Home Value | $233,486 |
| Average Home Value | $282,313 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
11,218
Multi-Family
255
Businesses
728
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Listed by: Desire' Vinson • THE REAL ESTATE COLLECTIVE
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2746631
Disclaimer: Based on information submitted to the MLS GRID as of 2025-01-27 05:58:02 PST. 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](/info/mls-disclaimers/#mls_99)