690 Old RdCounceTN38326
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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 Counce at 690 Old Rd, Counce, TN, 38326 priced at $330,000 converts $2,014/mo rent into $39/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,014/mo, and annual cash flow totals $465/yr on $109,395 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 7.32% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 104.84% and total cumulative return in cash sums $114,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,014/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38326, Counce, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,466 (100%) |
| Owner Occupied HU | 1,076 (43.6%) |
| Renter Occupied HU | 218 ( 8.8%) |
| Vacant Housing Units | 1,172 (47.5%) |
| Median Home Value | $226,126 |
| Average Home Value | $315,918 |
Housing Distribution
Address Breakdown
Residential
1,424
Single Family
1,397
Multi-Family
27
Businesses
143
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