411 Purtle RdLafayetteTN37083
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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 Lafayette at 411 Purtle Rd, Lafayette, TN, 37083 uses $107,704 cash to close to unlock $2,584/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,590/mo payment keeps the spread at $215/mo. Purchase price stands at $324,900, and rental yield measures 7.98% with $2,160/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 115.48% and total cumulative return in cash records $124,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37083, Lafayette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,249 (100%) |
| Owner Occupied HU | 4,625 (63.8%) |
| Renter Occupied HU | 2,050 (28.3%) |
| Vacant Housing Units | 574 ( 7.9%) |
| Median Home Value | $249,414 |
| Average Home Value | $301,902 |
Housing Distribution
Address Breakdown
Residential
6,707
Single Family
6,593
Multi-Family
114
Businesses
528
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