609 Cherokee AveFayettevilleTN37334
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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 Fayetteville at 609 Cherokee Ave, Fayetteville, TN, 37334 priced at $1,200,000 pairs $1,140/mo rent with after a $5,873/mo payment. Total monthly income equals $1,140/mo. Return on cash invested is 1.72% in year one, and rental yield stands at 1.14% on a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and 5% annual appreciation accumulates to $331,538 by year five. Five-year ROI measures 4.92% and total cumulative return in cash reaches $19,127. For financing, Ziffy Mortgage’s DSCR program evaluates $1,140/mo property income against a $5,873/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
6.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37334, Fayetteville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,174 (100%) |
| Owner Occupied HU | 7,256 (64.9%) |
| Renter Occupied HU | 2,942 (26.3%) |
| Vacant Housing Units | 976 ( 8.7%) |
| Median Home Value | $267,471 |
| Average Home Value | $315,636 |
Housing Distribution
Address Breakdown
Residential
10,397
Single Family
10,034
Multi-Family
363
Businesses
926
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Listed by: Jennifer Michaels • Legend Realty
Mls Name: ValleyMLS
Mls ID: #21900682