414 Waterfront WayTen MileTN37880
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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 Ten Mile at 414 Waterfront Way, Ten Mile, TN, 37880 priced at $725,000 converts $1,860/mo rent into after a $3,549/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 7.58% in year one, and rental yield reads 3.08% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 36.43% and total cumulative return in cash sums $86,897. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37880, Ten Mile, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,374 (58.4%) |
| Renter Occupied HU | 266 (11.3%) |
| Vacant Housing Units | 711 (30.2%) |
| Median Home Value | $250,575 |
| Average Home Value | $336,357 |
Housing Distribution
Address Breakdown
Residential
1,834
Single Family
1,834
Multi-Family
0
Businesses
45
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