353 Enigma RdChestnut MoundTN38552
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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
Investment property for sale in Chestnut Mound at 353 Enigma Rd, Chestnut Mound, TN, 38552 uses $99,417 cash to close to unlock $7,555/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $2,425/mo, and a $1,468/mo payment keeps the spread at $630/mo. Purchase price stands at $299,900, and rental yield measures 9.7% with $2,425/mo rent. Return on cash invested shows 27.51% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 143.35% and total cumulative return in cash records $142,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,425/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38552, Chestnut Mound, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 177 (100%) |
| Owner Occupied HU | 109 (61.6%) |
| Renter Occupied HU | 19 (10.7%) |
| Vacant Housing Units | 49 (27.7%) |
| Median Home Value | $239,773 |
| Average Home Value | $279,243 |
Housing Distribution
Address Breakdown
Residential
170
Single Family
170
Multi-Family
0
Businesses
5
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Listed by: Clint Conner • Conner Auctions & Real Estate
Mls Name: My State MLS
Mls ID: #11632318