406 N Cedar StGleasonTN38229
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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 Gleason at 406 N Cedar St, Gleason, TN, 38229 earns $367/mo cash flow from $1,294/mo rent with a $758/mo payment. Total monthly income totals $1,294/mo, and annual cash flow totals $4,403/yr on $51,349 capital. ROI tracks 28.48% on current figures, and rental yield reads 10.02% at a $154,900 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,796 over five years. Five-year ROI reaches 148.55% and total cumulative return in cash sums $76,280. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,294/mo property income instead of your personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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Listed by: Marco Taaffe • Premier Realty Group W TN, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #247299
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