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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Summertown at 480 Highway 20, Summertown, TN, 38483 offers a 6.22% rental yield on a $799,990 purchase with $4,144/mo rent. 12% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,022 over five years. Portfolio math shows five-year ROI at 87.57% and total cumulative return in cash at $230,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,144/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
15.03 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38483, Summertown, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 1,971 (76.1%) |
| Renter Occupied HU | 344 (13.3%) |
| Vacant Housing Units | 274 (10.6%) |
| Median Home Value | $293,605 |
| Average Home Value | $339,768 |
Residential
2,473
Single Family
2,369
Multi-Family
104
Businesses
117
Date | Event | Price |
|---|---|---|
| 2024-09-27 | Price change | $799,990 |
| 2024-06-03 | Listed for sale | $815,000 |
| 2017-05-17 | Sold | $337,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $2106.50 | N/A | $104,775 | N/A |
| 2022-11-13 | $2106.50 | -2.68% | $104,775 | 43.23% |
| 2021-11-13 | $2164.44 | N/A | $73,150 | N/A |
Listed by: Jon Evans • CORE Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2662418
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-13 03:41:20 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)
