499 Pettus StLawrenceburgTN38464
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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 Lawrenceburg at 499 Pettus St, Lawrenceburg, TN, 38464 priced at $459,900 converts $1,800/mo rent into after a $2,251/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 12.41% in year one, and rental yield reads 4.7% against a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,062 by year five. Five-year ROI reaches 62.34% and total cumulative return in cash sums $95,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 1971
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38464, Lawrenceburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,745 (100%) |
| Owner Occupied HU | 6,902 (64.2%) |
| Renter Occupied HU | 3,137 (29.2%) |
| Vacant Housing Units | 706 ( 6.6%) |
| Median Home Value | $242,269 |
| Average Home Value | $304,694 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
10,109
Multi-Family
243
Businesses
1,082
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Listed by: Tyler Webb • Southern Tennessee Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3007392