490 Riverdale DrBuchananTN38222
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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 Buchanan at 490 Riverdale Dr, Buchanan, TN, 38222 earns $296/mo cash flow from $1,793/mo rent with a $1,224/mo payment. Total monthly income totals $1,793/mo, and annual cash flow totals $3,553/yr on $82,875 capital. ROI tracks 24.2% on current figures, and rental yield reads 8.61% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash sums $104,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,793/mo property income instead of your personal income.
Manufactured
Built in 2016
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38222, Buchanan, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,695 (100%) |
| Owner Occupied HU | 986 (58.2%) |
| Renter Occupied HU | 190 (11.2%) |
| Vacant Housing Units | 519 (30.6%) |
| Median Home Value | $224,107 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
59
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Listed by: Rick Moody • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #134728
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