603 2nd AveLawrenceburgTN38464
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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 Lawrenceburg at 603 2nd Ave, Lawrenceburg, TN, 38464 offers a 9.24% rental yield on a $175,000 purchase with $1,348/mo rent. Total monthly income registers $1,348/mo, and a $857/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,600/yr on $58,013 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 135.85% and total cumulative return in cash at $78,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,348/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38464, Lawrenceburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,745 (100%) |
| Owner Occupied HU | 6,902 (64.2%) |
| Renter Occupied HU | 3,137 (29.2%) |
| Vacant Housing Units | 706 ( 6.6%) |
| Median Home Value | $242,269 |
| Average Home Value | $304,694 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
10,109
Multi-Family
243
Businesses
1,082
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Listed by: Miguel Perez • Synergy Realty Network, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3066571