502 S Main StCornersvilleTN37047
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Nearby investment properties with comparable prices
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 Cornersville at 502 S Main St, Cornersville, TN, 37047 offers a 11.73% rental yield on a $134,999 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $661/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,140/yr on $44,752 to close, and return on cash invested stands at 33.63% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 176.2% and total cumulative return in cash at $78,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37047, Cornersville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 885 (72.5%) |
| Renter Occupied HU | 219 (17.9%) |
| Vacant Housing Units | 117 ( 9.6%) |
| Median Home Value | $351,411 |
| Average Home Value | $405,712 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,127
Multi-Family
0
Businesses
57
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Listed by: Rachel Lynn Perryman • Homestead-Kent Davis Realty & Aucti
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2998454