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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Waynesboro at 623 Walnut St, Waynesboro, TN, 38485 generates $1,362/mo in rent and, after a $778/mo payment, leaves $410/mo in cash flow. Total monthly income is $1,362/mo, and annual cash flow is $4,925/yr on $52,709 invested. Return on cash invested sits at 29.25% in year one, and rental yield is 10.28% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 152.74% and total cumulative return in cash sums $80,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,362/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38485, Waynesboro, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,184 (100%) |
| Owner Occupied HU | 2,041 (64.1%) |
| Renter Occupied HU | 606 (19.0%) |
| Vacant Housing Units | 537 (16.9%) |
| Median Home Value | $168,469 |
| Average Home Value | $235,463 |
Residential
2,721
Single Family
2,658
Multi-Family
63
Businesses
238
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Listed for sale | $159,000 |
| 2024-09-11 | Pending sale | $159,000 |
| 2024-08-20 | Price change | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $498.88 | N/A | $16,025 | N/A |
| 2022-11-13 | $498.88 | N/A | $16,025 | 69.58% |
| 2021-11-13 | N/A | N/A | $9,450 | N/A |
Listed by: Tommy Johnson • Southern Tennessee Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2668952
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-13 03:51:19 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)
