703 Hurricane Creek RdWaynesboroTN38485
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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
Rental property for sale in Waynesboro at 703 Hurricane Creek Rd, Waynesboro, TN, 38485 priced at $175,000 pairs $1,445/mo rent with $397/mo cash flow after a $857/mo payment. Total monthly income equals $1,445/mo, and annual cash flow comes to $4,764/yr on $58,013 invested. Return on cash invested is 28.12% in year one, and rental yield stands at 9.91% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 146.61% and total cumulative return in cash reaches $85,051. For financing, Ziffy Mortgage’s DSCR program evaluates $1,445/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38485, Waynesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,184 (100%) |
| Owner Occupied HU | 2,041 (64.1%) |
| Renter Occupied HU | 606 (19.0%) |
| Vacant Housing Units | 537 (16.9%) |
| Median Home Value | $168,469 |
| Average Home Value | $235,463 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,658
Multi-Family
63
Businesses
238
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Listed by: Sue Webb • Webb Realty
Mls Name: My State MLS
Mls ID: #11267824