5191 Prairie Sky DrLakelandTN38002
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
Investment property for sale in Lakeland at 5191 Prairie Sky Dr, Lakeland, TN, 38002 uses $180,950 cash to close to unlock $3,523/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $3,586/mo, and a $2,692/mo payment keeps the spread at $294/mo. Purchase price stands at $550,000, and rental yield measures 7.82% with $3,586/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 113.8% and total cumulative return in cash records $205,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,586/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 2012
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38002, Arlington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,452 (100%) |
| Owner Occupied HU | 13,262 (80.6%) |
| Renter Occupied HU | 2,646 (16.1%) |
| Vacant Housing Units | 544 ( 3.3%) |
| Median Home Value | $398,786 |
| Average Home Value | $435,881 |
Housing Distribution
Address Breakdown
Residential
16,240
Single Family
15,583
Multi-Family
657
Businesses
738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices