608 Lakeview RdWallingTN38587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Walling at 608 Lakeview Rd, Walling, TN, 38587 priced at $999,900 converts $2,040/mo rent into after a $4,894/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 5.67% in year one, and rental yield reads 2.45% against a $999,900 entry. Equity gained on principal adds $6,452/yr, while 5% annual appreciation compiles into $276,254 by year five. Five-year ROI reaches 26.17% and total cumulative return in cash sums $86,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $4,894/mo payment, not borrower’s personal income.
Single Family
Built in 2022
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38587, Walling, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 617 (100%) |
| Owner Occupied HU | 454 (73.6%) |
| Renter Occupied HU | 97 (15.7%) |
| Vacant Housing Units | 66 (10.7%) |
| Median Home Value | $178,571 |
| Average Home Value | $204,339 |
Housing Distribution
Address Breakdown
Residential
715
Single Family
715
Multi-Family
0
Businesses
19
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