648 Mill Creek RdPuryearTN38251
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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 Puryear at 648 Mill Creek Rd, Puryear, TN, 38251 priced at $545,000 pairs $3,017/mo rent with after a $2,668/mo payment. Total monthly income equals $3,017/mo. Return on cash invested is 18.41% in year one, and rental yield stands at 6.64% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 94.55% and total cumulative return in cash reaches $169,536. For financing, Ziffy Mortgage’s DSCR program evaluates $3,017/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38251, Puryear, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 946 (71.3%) |
| Renter Occupied HU | 221 (16.7%) |
| Vacant Housing Units | 160 (12.1%) |
| Median Home Value | $158,108 |
| Average Home Value | $241,863 |
Housing Distribution
Address Breakdown
Residential
1,179
Single Family
1,179
Multi-Family
0
Businesses
53
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Listed by: Lindy Knight • Elite Realty Branch Murray
Mls Name: WKRMLS
Mls ID: #131783
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.