408 Horton StDecherdTN37324
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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 Decherd at 408 Horton St, Decherd, TN, 37324 priced at $179,900 converts $1,366/mo rent into $289/mo cash flow after a $881/mo obligation. Total monthly income equals $1,366/mo, and annual cash flow totals $3,463/yr on $59,637 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.11% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 133.77% and total cumulative return in cash sums $79,773. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,366/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37324, Decherd, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,594 (100%) |
| Owner Occupied HU | 1,560 (60.1%) |
| Renter Occupied HU | 771 (29.7%) |
| Vacant Housing Units | 263 (10.1%) |
| Median Home Value | $264,407 |
| Average Home Value | $304,237 |
Housing Distribution
Address Breakdown
Residential
2,390
Single Family
2,301
Multi-Family
89
Businesses
176
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