605 Redstone Dr APT 21BristolTN37620
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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 Bristol at 605 Redstone Dr APT 21, Bristol, TN, 37620 uses $86,190 cash to close to unlock $3,518/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,850/mo, and a $1,273/mo payment keeps the spread at $293/mo. Purchase price stands at $260,000, and rental yield measures 8.54% with $1,850/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 124.52% and total cumulative return in cash records $107,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,850/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A 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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