390 Emerson RdGatesTN38037
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
Investment property for sale in Gates at 390 Emerson Rd, Gates, TN, 38037 offers a 8.29% rental yield on a $249,900 purchase with $1,726/mo rent. Total monthly income registers $1,726/mo, and a $1,223/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,762/yr on $82,842 to close, and return on cash invested stands at 23.24% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 120.51% and total cumulative return in cash at $99,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,726/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
5.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38037, Gates, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 521 (65.0%) |
| Renter Occupied HU | 201 (25.1%) |
| Vacant Housing Units | 79 ( 9.9%) |
| Median Home Value | $156,352 |
| Average Home Value | $200,331 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
603
Multi-Family
14
Businesses
22
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