6510 Clemons Ridge RdSilver PointTN38582
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 Silver Point at 6510 Clemons Ridge Rd, Silver Point, TN, 38582 priced at $349,900 pairs $2,204/mo rent with $109/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,204/mo, and annual cash flow comes to $1,308/yr on $115,992 invested. Return on cash invested is 21.04% in year one, and rental yield stands at 7.56% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 108.66% and total cumulative return in cash reaches $126,042. For financing, Ziffy Mortgage’s DSCR program evaluates $2,204/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38582, Silver Point, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 917 (100%) |
| Owner Occupied HU | 600 (65.4%) |
| Renter Occupied HU | 98 (10.7%) |
| Vacant Housing Units | 219 (23.9%) |
| Median Home Value | $327,957 |
| Average Home Value | $362,783 |
Housing Distribution
Address Breakdown
Residential
719
Single Family
719
Multi-Family
0
Businesses
24
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Nearby investment properties with comparable prices
Listed by: Elijah Castelli • Elevate Real Estate
Mls Name: UCMLS
Mls Provider:
Mls ID: #238700
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