7036 Highway 104 NCedar GroveTN38321
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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
Investment property for sale in Cedar Grove at 7036 Highway 104 N, Cedar Grove, TN, 38321 uses $65,969 cash to close to unlock $477/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $1,231/mo, and a $974/mo payment keeps the spread at $40/mo. Purchase price stands at $199,000, and rental yield measures 7.42% with $1,231/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 106.48% and total cumulative return in cash records $70,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,231/mo property income covering a $974/mo payment rather than investor’s personal income.
Lot
Built in N/A
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38321, Cedar Grove, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 950 (72.4%) |
| Renter Occupied HU | 223 (17.0%) |
| Vacant Housing Units | 139 (10.6%) |
| Median Home Value | $160,211 |
| Average Home Value | $185,311 |
Housing Distribution
Address Breakdown
Residential
1,206
Single Family
1,206
Multi-Family
0
Businesses
27
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Listed by: Rudy M Grice • Crye-Leike Preferred Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #208228
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