663 N Edgewood DrSpartaTN38583
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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 Sparta at 663 N Edgewood Dr, Sparta, TN, 38583 generates $1,464/mo in rent, after a $1,566/mo payment. Total monthly income is $1,464/mo. Return on cash invested sits at 14.8% in year one, and rental yield is 5.49% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 75.19% and total cumulative return in cash sums $79,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,464/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
1.06 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
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Listed by: Tammy Price • Tri-star Real Estate & Auction Co.,
Mls Name: UCMLS
Mls Provider:
Mls ID: #235144
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