351 Byrd StDresdenTN38225
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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 Dresden at 351 Byrd St, Dresden, TN, 38225 priced at $139,000 converts $1,094/mo rent into $262/mo cash flow after a $680/mo obligation. Total monthly income equals $1,094/mo, and annual cash flow totals $3,147/yr on $46,079 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 9.44% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 139.27% and total cumulative return in cash sums $64,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,094/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38225, Dresden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,727 (100%) |
| Owner Occupied HU | 1,717 (63.0%) |
| Renter Occupied HU | 721 (26.4%) |
| Vacant Housing Units | 289 (10.6%) |
| Median Home Value | $170,139 |
| Average Home Value | $213,014 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,531
Multi-Family
0
Businesses
233
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Listed by: Averi Winstead • WINSTEAD REAL ESTATE & LAND COMPANY, LLC
Mls Name: RRAR
Mls ID: #45504
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.