3721 Coves WayAdamsTN37010
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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 Adams at 3721 Coves Way, Adams, TN, 37010 priced at $449,900 converts $2,675/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,675/mo. Return on cash invested prints 19.4% in year one, and rental yield reads 7.13% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 99.99% and total cumulative return in cash sums $149,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,675/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 2007
10,018 sqft lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37010, Adams, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,386 (100%) |
| Owner Occupied HU | 1,941 (81.3%) |
| Renter Occupied HU | 328 (13.7%) |
| Vacant Housing Units | 117 ( 4.9%) |
| Median Home Value | $401,586 |
| Average Home Value | $470,176 |
Housing Distribution
Address Breakdown
Residential
1,975
Single Family
1,975
Multi-Family
0
Businesses
59
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Listed by: Casey Tenholder • Coldwell Banker Conroy, Marable & Holleman
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2651367
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 03:56:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)