359 River RdChurch HillTN37642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Church Hill at 359 River Rd, Church Hill, TN, 37642 priced at $259,900 converts $2,004/mo rent into $448/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $5,379/yr on $86,157 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 9.25% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 136.1% and total cumulative return in cash sums $117,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37642, Church Hill, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,151 (100%) |
| Owner Occupied HU | 5,019 (70.2%) |
| Renter Occupied HU | 1,432 (20.0%) |
| Vacant Housing Units | 700 ( 9.8%) |
| Median Home Value | $211,431 |
| Average Home Value | $260,543 |
Housing Distribution
Address Breakdown
Residential
6,847
Single Family
6,847
Multi-Family
0
Businesses
238
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Nearby investment properties with comparable prices
Listed by: Jewell McKinney • Town & Country Realty - Downtown
Mls Name: TVRMLS
Mls ID: #9983101