6254 Althorp CvLakelandTN38002
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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 Lakeland at 6254 Althorp Cv, Lakeland, TN, 38002 earns from $2,803/mo rent with a $5,384/mo payment. Total monthly income totals $2,803/mo. ROI tracks 7.45% on current figures, and rental yield reads 3.06% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 35.75% and total cumulative return in cash sums $127,399. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,803/mo property income instead of your personal income.
Single Family
Built in 2024
2 Acres lot
$N/A/sqft
$55 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38002, Arlington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,452 (100%) |
| Owner Occupied HU | 13,262 (80.6%) |
| Renter Occupied HU | 2,646 (16.1%) |
| Vacant Housing Units | 544 ( 3.3%) |
| Median Home Value | $398,786 |
| Average Home Value | $435,881 |
Housing Distribution
Address Breakdown
Residential
16,240
Single Family
15,583
Multi-Family
657
Businesses
738
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