61 Old Mill WayFayettevilleTN37334
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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 61 Old Mill Way, Fayetteville, TN, 37334 offers $2,040/mo rent that, after a $1,875/mo payment. Total monthly income is $2,040/mo. Return on cash invested measures 17.52% in year one, and rental yield stands at 6.39% at a $383,000 entry. Equity gained on principal adds $2,471/yr while 5% annual appreciation compounds into $105,816 by year five. Five-year ROI records 89.74% and total cumulative return in cash reaches $113,934. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,875/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.55 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: Cristian Vargas • Hodges and Fooshee Realty Inc.
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3049910