617 King StRidgelyTN38080
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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 Ridgely at 617 King St, Ridgely, TN, 38080 offers a 9.58% rental yield on a $174,900 purchase with $1,396/mo rent. Total monthly income registers $1,396/mo, and a $856/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,189/yr on $57,979 to close, and return on cash invested stands at 27.13% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 141.4% and total cumulative return in cash at $81,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,396/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38080, Ridgely, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 622 (53.3%) |
| Renter Occupied HU | 408 (35.0%) |
| Vacant Housing Units | 137 (11.7%) |
| Median Home Value | $126,744 |
| Average Home Value | $195,997 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
933
Multi-Family
44
Businesses
56
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Listed by: Todd Clouser • RE/MAX Realty Source
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503960
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