7 Sanders St, Leoma, TN, 38468 | 2.69% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7 Sanders St, Leoma, TN, 38468 | 2.69% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Leoma at 7 Sanders St, Leoma, TN, 38468 priced at $575,000 pairs $1,290/mo rent with after a $2,814/mo payment. Total monthly income equals $1,290/mo. Return on cash invested is 6.41% in year one, and rental yield stands at 2.69% on a $575,000 basis. Equity gained on principal adds $3,710/yr, and 5% annual appreciation accumulates to $158,862 by year five. Five-year ROI measures 30.17% and total cumulative return in cash reaches $57,071. For financing, Ziffy Mortgage’s DSCR program evaluates $1,290/mo property income against a $2,814/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2014

29.06 Acres lot

$N/A/sqft

No HOA

More details about the property

This 29 acre property in Lawrence County, Tennessee, combines open pasture, mature timber, and a year-round creek with rock bottom and small waterfalls. Located just south of Lawrenceburg, the tract is set up for both recreation and practical use. The land is fenced and cross-fenced with a separate holding pen, making it suitable for livestock or hobby farming. Mature timber borders the pastures, providing natural edges and cover for wildlife. The creek and timber enhance the propertys character and utility, creating opportunities for both agricultural and outdoor enjoyment. The 3-bedroom, 2-bath home was built in 2014 and is designed on one level with an open-concept floor plan. The kitchen is spacious and connects seamlessly to the living areas. The primary suite features a double vanity and a walk-in tiled shower. Outdoor space includes a deck with a fire pit for gathering. A small basement area serves as a storm shelter or storage. Two outbuildings support a variety of uses. A 40x42 metal building with spray-foam insulation includes work benches, multiple outlets, and a separate HVAC system, offering utility for equipment or projects. A 12x40 shed provides additional storage or hobby space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38468, Leoma, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,435 (100%)
Owner Occupied HU	1,846 (75.8%)
Renter Occupied HU	373 (15.3%)
Vacant Housing Units	216 ( 8.9%)
Median Home Value	$295,248
Average Home Value	$335,821