660 Owl Hoot RdRidgelyTN38080
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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 Ridgely at 660 Owl Hoot Rd, Ridgely, TN, 38080 at $205,000 posts ROI 31.02% with $629/mo cash flow from $1,856/mo rent. Total monthly income equals $1,856/mo, and annual cash flow records $7,551/yr on $67,958 to close. Return on cash invested measures 31.02% and rental yield reads 10.86% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 162.22% and total cumulative return in cash totals $110,238.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,856/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.64 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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Listed by: Shelia Bell • TENNESSEE UNITED REAL ESTATE, LLC
Mls Name: RRAR
Mls ID: #44823
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.