548 N Broad StLexingtonTN38351
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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 Lexington at 548 N Broad St, Lexington, TN, 38351 uses $82,842 cash to close to unlock $4,154/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,842/mo, and a $1,223/mo payment keeps the spread at $346/mo. Purchase price stands at $249,900, and rental yield measures 8.85% with $1,842/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash records $107,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,842/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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Listed by: Linda K. Lipscomb • RE/MAX Unlimited
Mls Name: CWTAR
Mls Provider:
Mls ID: #247218
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