493 Spence RdHallsTN38040
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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 Halls at 493 Spence Rd, Halls, TN, 38040 with 5% annual appreciation on a $365,900 basis while $2,227/mo rent supports operations. Total monthly income totals $2,227/mo and a $1,791/mo payment preserves $37/mo for cash returns. Annual cash flow comes to $439/yr on $121,296 deployed, and return on cash invested reaches 20.27% in year one. Equity gained on principal adds $2,361/yr, and five-year appreciation sums $101,091 alongside rental yield of 7.3%. Five-year ROI measures 104.53% and total cumulative return in cash totals $126,794.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,227/mo property income versus a $1,791/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38040, Halls, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,177 (100%) |
| Owner Occupied HU | 1,306 (60.0%) |
| Renter Occupied HU | 651 (29.9%) |
| Vacant Housing Units | 220 (10.1%) |
| Median Home Value | $119,071 |
| Average Home Value | $153,419 |
Housing Distribution
Address Breakdown
Residential
2,169
Single Family
2,169
Multi-Family
0
Businesses
154
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