621 Laxson RdPelhamTN37366
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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 Pelham at 621 Laxson Rd, Pelham, TN, 37366 priced at $315,000 converts $0/mo rent into after a $1,542/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.76% in year one, and rental yield reads 0% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
3.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37366, Pelham, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 423 (100%) |
| Owner Occupied HU | 323 (76.4%) |
| Renter Occupied HU | 55 (13.0%) |
| Vacant Housing Units | 45 (10.6%) |
| Median Home Value | $298,214 |
| Average Home Value | $313,104 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices