64 Elliot RdArdmoreTN38449
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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 Ardmore at 64 Elliot Rd, Ardmore, TN, 38449 earns from $1,394/mo rent with a $2,936/mo payment. Total monthly income totals $1,394/mo. ROI tracks 6.7% on current figures, and rental yield reads 2.79% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 31.75% and total cumulative return in cash sums $62,656. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,394/mo property income instead of your personal income.
Single Family
Built in 2023
7.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38449, Ardmore, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 1,048 (72.4%) |
| Renter Occupied HU | 241 (16.7%) |
| Vacant Housing Units | 158 (10.9%) |
| Median Home Value | $259,091 |
| Average Home Value | $336,849 |
Housing Distribution
Address Breakdown
Residential
1,337
Single Family
1,337
Multi-Family
0
Businesses
187
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