412 E College StSummertownTN38483
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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 Summertown at 412 E College St, Summertown, TN, 38483 priced at $124,900 converts $0/mo rent into after a $611/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.75% in year one, and rental yield reads 0% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38483, Summertown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 1,971 (76.1%) |
| Renter Occupied HU | 344 (13.3%) |
| Vacant Housing Units | 274 (10.6%) |
| Median Home Value | $293,605 |
| Average Home Value | $339,768 |
Housing Distribution
Address Breakdown
Residential
2,473
Single Family
2,369
Multi-Family
104
Businesses
117
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: Fred A. Garrow • RE/MAX Encore
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2990759