67 Morisch RdOakfieldTN38362
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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 Oakfield at 67 Morisch Rd, Oakfield, TN, 38362 priced at $210,000 converts $1,604/mo rent into $347/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,604/mo, and annual cash flow totals $4,161/yr on $69,615 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.17% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 134.63% and total cumulative return in cash sums $93,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,604/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38362, Oakfield, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 526 (100%) |
| Owner Occupied HU | 423 (80.4%) |
| Renter Occupied HU | 76 (14.4%) |
| Vacant Housing Units | 27 ( 5.1%) |
| Median Home Value | $289,286 |
| Average Home Value | $302,689 |
Housing Distribution
Address Breakdown
Residential
512
Single Family
512
Multi-Family
0
Businesses
18
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Listed by: Ginger Williams • Town and Country
Mls Name: CWTAR
Mls Provider:
Mls ID: #247305
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