398 Carrington PlParsonsTN38363
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 Parsons at 398 Carrington Pl, Parsons, TN, 38363 priced at $582,400 pairs $4,016/mo rent with $529/mo cash flow after a $2,851/mo payment. Total monthly income equals $4,016/mo, and annual cash flow comes to $6,351/yr on $191,610 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.27% on a $582,400 basis. Equity gained on principal adds $3,758/yr, and 5% annual appreciation accumulates to $160,906 by year five. Five-year ROI measures 121.14% and total cumulative return in cash reaches $232,122. For financing, Ziffy Mortgage’s DSCR program evaluates $4,016/mo property income against a $2,851/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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Listed by: Rudy M Grice • Crye-Leike Preferred Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503042
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