624 Ridgeway DrBolivarTN38008
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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 Bolivar at 624 Ridgeway Dr, Bolivar, TN, 38008 priced at $194,900 pairs $1,842/mo rent with $675/mo cash flow after a $954/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $8,103/yr on $64,609 invested. Return on cash invested is 32.45% in year one, and rental yield stands at 11.34% on a $194,900 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,847 by year five. Five-year ROI measures 169.87% and total cumulative return in cash reaches $109,755. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38008, Bolivar, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,318 (100%) |
| Owner Occupied HU | 2,382 (55.2%) |
| Renter Occupied HU | 1,400 (32.4%) |
| Vacant Housing Units | 536 (12.4%) |
| Median Home Value | $152,900 |
| Average Home Value | $223,174 |
Housing Distribution
Address Breakdown
Residential
3,965
Single Family
3,834
Multi-Family
131
Businesses
424
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