501 Leggett RdSale CreekTN37373
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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 Sale Creek at 501 Leggett Rd, Sale Creek, TN, 37373 generates $1,789/mo in rent, after a $1,468/mo payment. Total monthly income is $1,789/mo. Return on cash invested sits at 19.83% in year one, and rental yield is 7.16% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 102.17% and total cumulative return in cash sums $101,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,789/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37373, Sale Creek, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,511 (100%) |
| Owner Occupied HU | 1,191 (78.8%) |
| Renter Occupied HU | 173 (11.4%) |
| Vacant Housing Units | 147 ( 9.7%) |
| Median Home Value | $401,152 |
| Average Home Value | $428,713 |
Housing Distribution
Address Breakdown
Residential
1,344
Single Family
1,344
Multi-Family
0
Businesses
104
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Listed by: Rachel C Bruner • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523661