3999 Cloverdale RdObionTN38240
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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 Obion at 3999 Cloverdale Rd, Obion, TN, 38240 uses $99,417 cash to close to unlock $2,863/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $1,468/mo payment keeps the spread at $239/mo. Purchase price stands at $299,900, and rental yield measures 8.14% with $2,034/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 118.03% and total cumulative return in cash records $117,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38240, Obion, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 886 (100%) |
| Owner Occupied HU | 554 (62.5%) |
| Renter Occupied HU | 207 (23.4%) |
| Vacant Housing Units | 125 (14.1%) |
| Median Home Value | $118,056 |
| Average Home Value | $198,272 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
35
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Listed by: Elaine Slaughter • All-Star Real Estate
Mls Name: CWTAR
Mls Provider:
Mls ID: #246514
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