406 S 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
Rental property for sale in Gleason at 406 S Cedar St, Gleason, TN, 38229 generates $1,216/mo in rent and, after a $660/mo payment, leaves $409/mo in cash flow. Total monthly income is $1,216/mo, and annual cash flow is $4,905/yr on $44,719 invested. Return on cash invested sits at 30.88% in year one, and rental yield is 10.82% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 161.42% and total cumulative return in cash sums $72,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,216/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.54 Acres 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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