602 Johnson StManchesterTN37355
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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 Manchester at 602 Johnson St, Manchester, TN, 37355 priced at $257,000 converts $2,034/mo rent into $495/mo cash flow after a $1,258/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $5,945/yr on $85,196 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.5% against a $257,000 entry. Equity gained on principal adds $1,658/yr, while 5% annual appreciation compiles into $71,004 by year five. Five-year ROI reaches 140.02% and total cumulative return in cash sums $119,292. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,258/mo payment, not borrower’s personal income.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: Rachel Ferrell • Southern Middle Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3078916