505 N Cedar StGleasonTN38229
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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 Gleason at 505 N Cedar St, Gleason, TN, 38229 uses $46,377 cash to close to unlock $4,899/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $685/mo payment keeps the spread at $408/mo. Purchase price stands at $139,900, and rental yield measures 10.69% with $1,246/mo rent. Return on cash invested shows 30.47% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 159.32% and total cumulative return in cash records $73,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1970
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38229, Gleason, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 854 (68.9%) |
| Renter Occupied HU | 283 (22.8%) |
| Vacant Housing Units | 103 ( 8.3%) |
| Median Home Value | $166,883 |
| Average Home Value | $187,810 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,129
Multi-Family
0
Businesses
68
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