648 Wigwam StSpartaTN38583
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sparta at 648 Wigwam St, Sparta, TN, 38583 offers $2,034/mo rent that, after a $3,097/mo payment. Total monthly income is $2,034/mo. Return on cash invested measures 9.95% in year one, and rental yield stands at 3.86% at a $632,721 entry. Equity gained on principal adds $4,083/yr while 5% annual appreciation compounds into $174,809 by year five. Five-year ROI records 49.15% and total cumulative return in cash reaches $102,313. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $3,097/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38583, Sparta, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,240 (100%) |
| Owner Occupied HU | 8,609 (70.3%) |
| Renter Occupied HU | 2,395 (19.6%) |
| Vacant Housing Units | 1,236 (10.1%) |
| Median Home Value | $233,486 |
| Average Home Value | $282,313 |
Housing Distribution
Address Breakdown
Residential
11,473
Single Family
11,218
Multi-Family
255
Businesses
728
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen D'Agostino • Crye-leike Brown Realty
Mls Name: UCMLS
Mls Provider:
Mls ID: #227713
Disclaimer: Copyright 2024 Upper Cumberland Board of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited.