6800 Glendale RdMorris ChapelTN38361
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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 Morris Chapel at 6800 Glendale Rd, Morris Chapel, TN, 38361 generates $0/mo in rent, after a $1,419/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.76% in year one, and rental yield is 0% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
4.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38361, Morris Chapel, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 411 (59.5%) |
| Renter Occupied HU | 68 ( 9.8%) |
| Vacant Housing Units | 212 (30.7%) |
| Median Home Value | $205,233 |
| Average Home Value | $215,523 |
Housing Distribution
Address Breakdown
Residential
494
Single Family
494
Multi-Family
0
Businesses
6
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No similar rental properties found nearby.
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Listed by: Angelean Gray • Weichert, Realtors - Crunk Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3093262