6612 New Town RdCollege GroveTN37046
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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 College Grove at 6612 New Town Rd, College Grove, TN, 37046 earns $74/mo cash flow from $2,498/mo rent with a $1,982/mo payment. Total monthly income totals $2,498/mo, and annual cash flow totals $886/yr on $134,258 capital. ROI tracks 20.57% on current figures, and rental yield reads 7.4% at a $405,000 purchase. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash sums $142,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,498/mo property income instead of your personal income.
Single Family
Built in 2014
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37046, College Grove, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,034 (100%) |
| Owner Occupied HU | 2,657 (87.6%) |
| Renter Occupied HU | 190 ( 6.3%) |
| Vacant Housing Units | 187 ( 6.2%) |
| Median Home Value | $1,120,668 |
| Average Home Value | $1,306,446 |
Housing Distribution
Address Breakdown
Residential
2,999
Single Family
2,999
Multi-Family
0
Businesses
110
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Listed by: Matthew (Matt) Mitchell • Zach Taylor Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3015234