446 Miracle RdDecaturvilleTN38329
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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 Decaturville at 446 Miracle Rd, Decaturville, TN, 38329 priced at $350,000 converts $1,330/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,330/mo. Return on cash invested prints 12% in year one, and rental yield reads 4.56% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 60.14% and total cumulative return in cash sums $69,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38329, Decaturville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,042 (100%) |
| Owner Occupied HU | 1,148 (56.2%) |
| Renter Occupied HU | 291 (14.3%) |
| Vacant Housing Units | 603 (29.5%) |
| Median Home Value | $188,372 |
| Average Home Value | $253,158 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
142
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Listed by: Staci McClain • The Real Estate Firm
Mls Name: CWTAR
Mls ID: #2503869