624 Summers DrDyersburgTN38024
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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 Dyersburg at 624 Summers Dr, Dyersburg, TN, 38024 priced at $187,900 converts $1,860/mo rent into $735/mo cash flow after a $920/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $8,819/yr on $62,289 invested. Return on cash invested prints 34.07% in year one, and rental yield reads 11.88% against a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation compiles into $51,913 by year five. Five-year ROI reaches 178.47% and total cumulative return in cash sums $111,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38024, Dyersburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,864 (100%) |
| Owner Occupied HU | 6,440 (54.3%) |
| Renter Occupied HU | 4,285 (36.1%) |
| Vacant Housing Units | 1,139 ( 9.6%) |
| Median Home Value | $214,416 |
| Average Home Value | $262,802 |
Housing Distribution
Address Breakdown
Residential
11,561
Single Family
11,144
Multi-Family
417
Businesses
1,039
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