62 Foster Dr LOT 3CamdenTN38320
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 Camden at 62 Foster Dr LOT 3, Camden, TN, 38320 priced at $289,000 converts $1,908/mo rent into $178/mo cash flow after a $1,415/mo obligation. Total monthly income equals $1,908/mo, and annual cash flow totals $2,130/yr on $95,804 invested. Return on cash invested prints 22.13% in year one, and rental yield reads 7.92% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 114.51% and total cumulative return in cash sums $109,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,908/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38320, Camden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,193 (100%) |
| Owner Occupied HU | 3,246 (62.5%) |
| Renter Occupied HU | 1,148 (22.1%) |
| Vacant Housing Units | 799 (15.4%) |
| Median Home Value | $161,605 |
| Average Home Value | $236,245 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,775
Multi-Family
77
Businesses
477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices