346 Lucille StSpartaTN38583
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 Sparta at 346 Lucille St, Sparta, TN, 38583 priced at $265,000 converts $1,620/mo rent into $34/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $405/yr on $87,848 invested. Return on cash invested prints 20.37% in year one, and rental yield reads 7.34% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 105.05% and total cumulative return in cash sums $92,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1 Acres lot
$N/A/sqft
No 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: Amanda Wiegand-Selby • Highlands Elite Real Estate LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #236082
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