411 Honey Locust DrSouth FultonTN38257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Fulton at 411 Honey Locust Dr, South Fulton, TN, 38257 at $245,440 posts ROI 23.18% with $222/mo cash flow from $1,691/mo rent. Total monthly income equals $1,691/mo, and annual cash flow records $2,665/yr on $81,363 to close. Return on cash invested measures 23.18% and rental yield reads 8.27% at the current $245,440. Equity gained on principal adds $1,584/yr, and 5% annual appreciation supports $67,811 by year five. Five-year ROI prints 120.18% and total cumulative return in cash totals $97,782.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,691/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38257, South Fulton, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,362 (67.8%) |
| Renter Occupied HU | 450 (22.4%) |
| Vacant Housing Units | 197 ( 9.8%) |
| Median Home Value | $148,200 |
| Average Home Value | $211,538 |
Housing Distribution
Address Breakdown
Residential
1,848
Single Family
1,848
Multi-Family
0
Businesses
129
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Nearby investment properties with comparable prices
Listed by: Stephen Donahue • Vantage Real Estate Services
Mls Name: CWTAR
Mls ID: #2505246