395 Charlotte DrOaklandTN38060
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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 Oakland at 395 Charlotte Dr, Oakland, TN, 38060 uses $94,478 cash to close to unlock $9,167/yr annual cash flow and $764/mo monthly cash flow. Total monthly income runs $2,470/mo, and a $1,395/mo payment keeps the spread at $764/mo. Purchase price stands at $285,000, and rental yield measures 10.4% with $2,470/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 154.6% and total cumulative return in cash records $146,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,470/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1996
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38060, Oakland, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,358 (100%) |
| Owner Occupied HU | 4,736 (88.4%) |
| Renter Occupied HU | 467 ( 8.7%) |
| Vacant Housing Units | 155 ( 2.9%) |
| Median Home Value | $326,093 |
| Average Home Value | $344,010 |
Housing Distribution
Address Breakdown
Residential
5,570
Single Family
5,570
Multi-Family
0
Businesses
254
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