598 County Road 135RicevilleTN37370
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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 Riceville at 598 County Road 135, Riceville, TN, 37370 offers a 8.18% rental yield on a $229,900 purchase with $1,567/mo rent. Total monthly income registers $1,567/mo, and a $1,125/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,292/yr on $76,212 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 118.77% and total cumulative return in cash at $90,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,567/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37370, Riceville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,707 (75.1%) |
| Renter Occupied HU | 383 (16.8%) |
| Vacant Housing Units | 183 ( 8.1%) |
| Median Home Value | $284,069 |
| Average Home Value | $352,374 |
Housing Distribution
Address Breakdown
Residential
2,079
Single Family
2,079
Multi-Family
0
Businesses
74
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