434 Parrish StMartinTN38237
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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 Martin at 434 Parrish St, Martin, TN, 38237 earns $331/mo cash flow from $1,289/mo rent with a $783/mo payment. Total monthly income totals $1,289/mo, and annual cash flow totals $3,976/yr on $53,040 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.67% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 142.83% and total cumulative return in cash sums $75,758. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,289/mo property income instead of your personal income.
Single Family
Built in 1954
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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Listed by: Ed E Norman • L A Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501828
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