490 Powell LnTen MileTN37880
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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 Ten Mile at 490 Powell Ln, Ten Mile, TN, 37880 offers a 8.27% rental yield on a $269,990 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,321/mo payment leaves $244/mo available for distribution. Annual cash flow reaches $2,931/yr on $89,502 to close, and return on cash invested stands at 23.18% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,593 over five years. Portfolio math shows five-year ROI at 120.16% and total cumulative return in cash at $107,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37880, Ten Mile, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,374 (58.4%) |
| Renter Occupied HU | 266 (11.3%) |
| Vacant Housing Units | 711 (30.2%) |
| Median Home Value | $250,575 |
| Average Home Value | $336,357 |
Housing Distribution
Address Breakdown
Residential
1,834
Single Family
1,834
Multi-Family
0
Businesses
45
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