6740 Parwood DrBaxterTN38544
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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 Baxter at 6740 Parwood Dr, Baxter, TN, 38544 listed at $439,929 pairs $2,962/mo rent with a $2,153/mo payment to leave $329/mo cash flow. Total monthly income runs $2,962/mo, and annual cash flow reaches $3,945/yr on $145,836 cash to close. Return on cash invested measures 22.61% in year one, and rental yield registers 8.08% at a $439,929 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,544 by year five. Five-year ROI tracks 117.08% and total cumulative return in cash totals $170,748. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,962/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38544, Baxter, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,896 (100%) |
| Owner Occupied HU | 2,768 (71.0%) |
| Renter Occupied HU | 681 (17.5%) |
| Vacant Housing Units | 447 (11.5%) |
| Median Home Value | $303,442 |
| Average Home Value | $350,435 |
Housing Distribution
Address Breakdown
Residential
3,376
Single Family
3,376
Multi-Family
0
Businesses
142
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