402 West StSomervilleTN38068
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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 Somerville at 402 West St, Somerville, TN, 38068 with 5% annual appreciation on a $229,900 basis while $1,681/mo rent supports operations. Total monthly income totals $1,681/mo and a $1,125/mo payment preserves $305/mo for cash returns. Annual cash flow comes to $3,660/yr on $76,212 deployed, and return on cash invested reaches 24.71% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.77%. Five-year ROI measures 128.4% and total cumulative return in cash totals $97,859.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,681/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38068, Somerville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,966 (100%) |
| Owner Occupied HU | 3,435 (69.2%) |
| Renter Occupied HU | 1,177 (23.7%) |
| Vacant Housing Units | 354 ( 7.1%) |
| Median Home Value | $323,812 |
| Average Home Value | $405,777 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,484
Multi-Family
183
Businesses
509
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Listed by: Barbara M Wilson • Unique Properties
Mls Name: MAAR
Mls ID: #10210447