5823 W Highway 21HornbeakTN38232
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 Hornbeak at 5823 W Highway 21, Hornbeak, TN, 38232 offers a 9.47% rental yield on a $168,000 purchase with $1,326/mo rent. Total monthly income registers $1,326/mo, and a $822/mo payment leaves $321/mo available for distribution. Annual cash flow reaches $3,847/yr on $55,692 to close, and return on cash invested stands at 26.82% in year one. Equity gained on principal adds $1,084/yr while 5% annual appreciation supports $46,415 over five years. Portfolio math shows five-year ROI at 139.63% and total cumulative return in cash at $77,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,326/mo property income against a $822/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38232, Hornbeak, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 656 (62.5%) |
| Renter Occupied HU | 156 (14.9%) |
| Vacant Housing Units | 237 (22.6%) |
| Median Home Value | $173,958 |
| Average Home Value | $240,011 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
38
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