381 E Ridges DrChuckeyTN37641
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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 Chuckey at 381 E Ridges Dr, Chuckey, TN, 37641 priced at $335,000 converts $2,374/mo rent into $368/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,374/mo, and annual cash flow totals $4,419/yr on $111,053 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 8.5% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 123.94% and total cumulative return in cash sums $137,636. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,374/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37641, Chuckey, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,154 (100%) |
| Owner Occupied HU | 3,093 (74.5%) |
| Renter Occupied HU | 661 (15.9%) |
| Vacant Housing Units | 400 ( 9.6%) |
| Median Home Value | $276,599 |
| Average Home Value | $303,832 |
Housing Distribution
Address Breakdown
Residential
3,938
Single Family
3,938
Multi-Family
0
Businesses
90
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