6988 Highway 64 EWartraceTN37183
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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
Total monthly income runs $4,814/mo, and a $7,342/mo payment. Purchase price stands at $1,500,000, and rental yield measures 3.85% with $4,814/mo rent. Return on cash invested shows 10.08% in year one, and 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 49.79% and total cumulative return in cash records $241,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,814/mo property income covering a $7,342/mo payment rather than investor’s personal income.
Single Family
Built in 1998
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37183, Wartrace, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,663 (100%) |
| Owner Occupied HU | 1,265 (76.1%) |
| Renter Occupied HU | 253 (15.2%) |
| Vacant Housing Units | 145 ( 8.7%) |
| Median Home Value | $375,179 |
| Average Home Value | $433,571 |
Housing Distribution
Address Breakdown
Residential
1,407
Single Family
1,407
Multi-Family
0
Businesses
57
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