405 Chestnut Ridge RdBuchananTN38222
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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
Rental property for sale in Buchanan at 405 Chestnut Ridge Rd, Buchanan, TN, 38222 priced at $385,000 converts $1,256/mo rent into after a $1,884/mo obligation. Total monthly income equals $1,256/mo. Return on cash invested prints 10.05% in year one, and rental yield reads 3.91% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 49.72% and total cumulative return in cash sums $63,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,256/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38222, Buchanan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,695 (100%) |
| Owner Occupied HU | 986 (58.2%) |
| Renter Occupied HU | 190 (11.2%) |
| Vacant Housing Units | 519 (30.6%) |
| Median Home Value | $224,107 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
59
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Listed by: Emory Bradley • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #134043
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.