53 Elm StDecaturvilleTN38329
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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
Rental property for sale in Decaturville at 53 Elm St, Decaturville, TN, 38329 offers $1,502/mo rent that, after a $1,172/mo payment, leaves $69/mo cash flow. Total monthly income is $1,502/mo, and annual cash flow is $823/yr on $79,394 cash. Return on cash invested measures 20.95% in year one, and rental yield stands at 7.53% at a $239,500 entry. Equity gained on principal adds $1,545/yr while 5% annual appreciation compounds into $66,169 by year five. Five-year ROI records 108.16% and total cumulative return in cash reaches $85,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,502/mo property income versus a $1,172/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38329, Decaturville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,042 (100%) |
| Owner Occupied HU | 1,148 (56.2%) |
| Renter Occupied HU | 291 (14.3%) |
| Vacant Housing Units | 603 (29.5%) |
| Median Home Value | $188,372 |
| Average Home Value | $253,158 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
142
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Listed by: Anne Spence-McGee • CRYE*LEIKE Tapestry Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502488
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