355 Forest Lake DrHumboldtTN38343
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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 Humboldt at 355 Forest Lake Dr, Humboldt, TN, 38343 offers a 5.04% rental yield on a $660,000 purchase with $2,771/mo rent. 54% in year one. Equity gained on principal adds $4,259/yr while 5% annual appreciation supports $182,346 over five years. Portfolio math shows five-year ROI at 68.4% and total cumulative return in cash at $148,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,771/mo property income against a $3,230/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38343, Humboldt, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,525 (100%) |
| Owner Occupied HU | 4,622 (61.4%) |
| Renter Occupied HU | 2,098 (27.9%) |
| Vacant Housing Units | 805 (10.7%) |
| Median Home Value | $196,327 |
| Average Home Value | $239,618 |
Housing Distribution
Address Breakdown
Residential
6,915
Single Family
6,775
Multi-Family
140
Businesses
553
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Listed by: Brad D Lindsey • Hickman Realty Group, Inc.-Hum
Mls Name: CWTAR
Mls Provider:
Mls ID: #247225
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