351 Michael CirLafayetteTN37083
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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 Lafayette at 351 Michael Cir, Lafayette, TN, 37083 priced at $639,900 pairs $2,160/mo rent with after a $3,132/mo payment. Total monthly income equals $2,160/mo. Return on cash invested is 10.54% in year one, and rental yield stands at 4.05% on a $639,900 basis. Equity gained on principal adds $4,129/yr, and 5% annual appreciation accumulates to $176,793 by year five. Five-year ROI measures 52.3% and total cumulative return in cash reaches $110,111. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $3,132/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37083, Lafayette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,249 (100%) |
| Owner Occupied HU | 4,625 (63.8%) |
| Renter Occupied HU | 2,050 (28.3%) |
| Vacant Housing Units | 574 ( 7.9%) |
| Median Home Value | $249,414 |
| Average Home Value | $301,902 |
Housing Distribution
Address Breakdown
Residential
6,707
Single Family
6,593
Multi-Family
114
Businesses
528
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