429 Floating Mill LnSilver PointTN38582
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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 Silver Point at 429 Floating Mill Ln, Silver Point, TN, 38582 offers $3,964/mo rent that, after a $5,873/mo payment. Total monthly income is $3,964/mo. Return on cash invested measures 10.43% in year one, and rental yield stands at 3.96% at a $1,200,000 entry. Equity gained on principal adds $7,743/yr while 5% annual appreciation compounds into $331,538 by year five. Five-year ROI records 51.66% and total cumulative return in cash reaches $200,855. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,964/mo property income versus a $5,873/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38582, Silver Point, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 917 (100%) |
| Owner Occupied HU | 600 (65.4%) |
| Renter Occupied HU | 98 (10.7%) |
| Vacant Housing Units | 219 (23.9%) |
| Median Home Value | $327,957 |
| Average Home Value | $362,783 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
719
Multi-Family
0
Businesses
24
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Listed by: Gillian Eftekhari-Thomas • Victory Realty, LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #235836
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