500 Walnut Heights LnRickmanTN38580
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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 Rickman at 500 Walnut Heights Ln, Rickman, TN, 38580 priced at $305,000 pairs $1,956/mo rent with $130/mo cash flow after a $1,493/mo payment. Total monthly income equals $1,956/mo, and annual cash flow comes to $1,560/yr on $101,108 invested. Return on cash invested is 21.45% in year one, and rental yield stands at 7.7% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 110.9% and total cumulative return in cash reaches $112,126. For financing, Ziffy Mortgage’s DSCR program evaluates $1,956/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38580, Rickman, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 728 (79.0%) |
| Renter Occupied HU | 148 (16.1%) |
| Vacant Housing Units | 45 ( 4.9%) |
| Median Home Value | $279,487 |
| Average Home Value | $330,968 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
34
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