517 Morrow StDresdenTN38225
Nearby investment properties with comparable rents
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
Rental property for sale in Dresden at 517 Morrow St, Dresden, TN, 38225 priced at $215,000 converts $2,123/mo rent into $836/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,123/mo, and annual cash flow totals $10,035/yr on $71,273 invested. Return on cash invested prints 33.99% in year one, and rental yield reads 11.85% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 178.12% and total cumulative return in cash sums $126,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,123/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38225, Dresden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,727 (100%) |
| Owner Occupied HU | 1,717 (63.0%) |
| Renter Occupied HU | 721 (26.4%) |
| Vacant Housing Units | 289 (10.6%) |
| Median Home Value | $170,139 |
| Average Home Value | $213,014 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,531
Multi-Family
0
Businesses
233
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Listed by: Alexander J Bynum • Wendell Alexander Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503579
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