355 Winding WayParisTN38242
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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 Paris at 355 Winding Way, Paris, TN, 38242 offers a 9.23% rental yield on a $229,900 purchase with $1,768/mo rent. Total monthly income registers $1,768/mo, and a $1,125/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,704/yr on $76,212 to close, and return on cash invested stands at 26.08% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 135.74% and total cumulative return in cash at $103,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,768/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Rachel Presson • RE/MAX Cornerstone Real Estate
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #131644
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.