641 Headden DrRidgelyTN38080
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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 Ridgely at 641 Headden Dr, Ridgely, TN, 38080 priced at $1,600,000 converts $2,281/mo rent into after a $7,831/mo obligation. Total monthly income equals $2,281/mo. Return on cash invested prints 3.48% in year one, and rental yield reads 1.71% against a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation compiles into $442,051 by year five. Five-year ROI reaches 14.37% and total cumulative return in cash sums $74,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,281/mo property income covering a $7,831/mo payment, not borrower’s personal income.
Single Family
Built in 1951
3.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38080, Ridgely, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,167 (100%) |
| Owner Occupied HU | 622 (53.3%) |
| Renter Occupied HU | 408 (35.0%) |
| Vacant Housing Units | 137 (11.7%) |
| Median Home Value | $126,744 |
| Average Home Value | $195,997 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
933
Multi-Family
44
Businesses
56
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Nearby investment properties with comparable prices
No similar price properties found nearby.