597 Parks RdFriendshipTN38034
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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 Friendship at 597 Parks Rd, Friendship, TN, 38034 listed at $235,900 pairs $2,156/mo rent with a $1,155/mo payment to leave $743/mo cash flow. Total monthly income runs $2,156/mo, and annual cash flow reaches $8,922/yr on $78,201 cash to close. Return on cash invested measures 31.32% in year one, and rental yield registers 10.97% at a $235,900 basis. Equity gained on principal adds $1,522/yr, and annual property appreciation at 5% supports $65,175 by year five. Five-year ROI tracks 163.78% and total cumulative return in cash totals $128,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,156/mo property income relative to a $1,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1939
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38034, Friendship, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,420 (100%) |
| Owner Occupied HU | 956 (67.3%) |
| Renter Occupied HU | 321 (22.6%) |
| Vacant Housing Units | 143 (10.1%) |
| Median Home Value | $146,575 |
| Average Home Value | $204,971 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
62
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Listed by: Steven Autry Sartin • Fisher Realty & Auction
Mls Name: CWTAR
Mls ID: #2504923