415 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
Rental property for sale in South Fulton at 415 Honey Locust Dr, South Fulton, TN, 38257 generates $1,498/mo in rent and, after a $925/mo payment, leaves $367/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $4,400/yr on $62,654 invested. Return on cash invested sits at 26.93% in year one, and rental yield is 9.51% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 140.25% and total cumulative return in cash sums $87,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phyllis Larry • C21 Golden Service Realty & Au
Mls Name: CWTAR
Mls ID: #2503048