692 Evergreen StDresdenTN38225
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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 Dresden at 692 Evergreen St, Dresden, TN, 38225 generates $1,226/mo in rent and, after a $661/mo payment, leaves $418/mo in cash flow. Total monthly income is $1,226/mo, and annual cash flow is $5,012/yr on $44,753 invested. Return on cash invested sits at 31.11% in year one, and rental yield is 10.9% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 162.66% and total cumulative return in cash sums $72,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,226/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38225, Dresden, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,727 (100%) |
| Owner Occupied HU | 1,717 (63.0%) |
| Renter Occupied HU | 721 (26.4%) |
| Vacant Housing Units | 289 (10.6%) |
| Median Home Value | $170,139 |
| Average Home Value | $213,014 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,531
Multi-Family
0
Businesses
233
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Listed by: Brian Gallimore • LARRY JOLLEY REALTY
Mls Name: RRAR
Mls ID: #45508
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.