510 John Richardson RdBeersheba SpringsTN37305
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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 Beersheba Springs at 510 John Richardson Rd, Beersheba Springs, TN, 37305 offers a 6.3% rental yield on a $298,000 purchase with $1,564/mo rent. 23% in year one. Equity gained on principal adds $1,923/yr while 5% annual appreciation supports $82,332 over five years. Portfolio math shows five-year ROI at 88.23% and total cumulative return in cash at $87,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,564/mo property income against a $1,459/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
13.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37305, Beersheba Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 440 (100%) |
| Owner Occupied HU | 293 (66.6%) |
| Renter Occupied HU | 44 ( 10.0%) |
| Vacant Housing Units | 103 (23.4%) |
| Median Home Value | $117,672 |
| Average Home Value | $187,031 |
Housing Distribution
Address Breakdown
Residential
169
Single Family
169
Multi-Family
0
Businesses
22
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Listed by: Teresa A Smith • Century 21 Cumberland Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1509161
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