60 Fairway DrBristolTN37620
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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 Bristol at 60 Fairway Dr, Bristol, TN, 37620 generates $4,046/mo in rent and, after a $2,863/mo payment, leaves $544/mo in cash flow. Total monthly income is $4,046/mo, and annual cash flow is $6,534/yr on $192,432 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 8.3% on a $584,900 entry. Equity gained on principal adds $3,774/yr, while 5% annual appreciation builds toward $161,597 over five years. Five-year ROI reaches 121.57% and total cumulative return in cash sums $233,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,046/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37620, Bristol, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,823 (100%) |
| Owner Occupied HU | 12,091 (64.2%) |
| Renter Occupied HU | 4,843 (25.7%) |
| Vacant Housing Units | 1,889 (10.0%) |
| Median Home Value | $251,361 |
| Average Home Value | $267,384 |
Housing Distribution
Address Breakdown
Residential
18,197
Single Family
17,543
Multi-Family
654
Businesses
1,339
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Listed by: Sandra Snaden • Matt Smith Realty
Mls Name: SWVAR
Mls Provider:
Mls ID: #98988
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.