700 Corinth RdSharonTN38255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Sharon at 700 Corinth Rd, Sharon, TN, 38255 uses $66,267 cash to close to unlock $45/yr annual cash flow and $4/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $978/mo payment keeps the spread at $4/mo. Purchase price stands at $199,900, and rental yield measures 7.2% with $1,200/mo rent. Return on cash invested shows 19.98% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 102.93% and total cumulative return in cash records $68,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1967
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38255, Sharon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 687 (66.1%) |
| Renter Occupied HU | 245 (23.6%) |
| Vacant Housing Units | 108 (10.4%) |
| Median Home Value | $155,515 |
| Average Home Value | $211,117 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices