701 Wolverine RdTroyTN38260
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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 Troy at 701 Wolverine Rd, Troy, TN, 38260 generates $971/mo in rent, after a $969/mo payment. Total monthly income is $971/mo. Return on cash invested sits at 15.99% in year one, and rental yield is 5.88% on a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 81.58% and total cumulative return in cash sums $53,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $971/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38260, Troy, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,785 (100%) |
| Owner Occupied HU | 1,299 (72.8%) |
| Renter Occupied HU | 332 (18.6%) |
| Vacant Housing Units | 154 ( 8.6%) |
| Median Home Value | $188,377 |
| Average Home Value | $254,629 |
Housing Distribution
Address Breakdown
Residential
1,594
Single Family
1,594
Multi-Family
0
Businesses
95
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Listed by: Kevin Gioia • Beycome Brokerage Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2759821
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-19 14:11:18 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_99)