62 Pitts RdFriendshipTN38034
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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 Friendship at 62 Pitts Rd, Friendship, TN, 38034 uses $89,339 cash to close to unlock $4,522/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,990/mo, and a $1,319/mo payment keeps the spread at $377/mo. Purchase price stands at $269,500, and rental yield measures 8.86% with $1,990/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 129.73% and total cumulative return in cash records $115,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,990/mo property income covering a $1,319/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38034, Friendship, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,420 (100%) |
| Owner Occupied HU | 956 (67.3%) |
| Renter Occupied HU | 321 (22.6%) |
| Vacant Housing Units | 143 (10.1%) |
| Median Home Value | $146,575 |
| Average Home Value | $204,971 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
62
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Listed by: Brenda Briley • Coldwell Banker Southern Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502873
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