407 2nd AveColumbiaTN38401
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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 Columbia at 407 2nd Ave, Columbia, TN, 38401 offers a 8.3% rental yield on a $289,800 purchase with $2,004/mo rent. Total monthly income registers $2,004/mo, and a $1,418/mo payment leaves $270/mo available for distribution. Annual cash flow reaches $3,236/yr on $96,069 to close, and return on cash invested stands at 23.28% in year one. Equity gained on principal adds $1,870/yr while 5% annual appreciation supports $80,066 over five years. Portfolio math shows five-year ROI at 120.65% and total cumulative return in cash at $115,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,004/mo property income against a $1,418/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
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