742 Captain Carter RdSpencerTN38585
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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 Spencer at 742 Captain Carter Rd, Spencer, TN, 38585 priced at $116,900 converts $925/mo rent into $225/mo cash flow after a $572/mo obligation. Total monthly income equals $925/mo, and annual cash flow totals $2,705/yr on $38,752 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.5% against a $116,900 entry. Equity gained on principal adds $754/yr, while 5% annual appreciation compiles into $32,297 by year five. Five-year ROI reaches 140.07% and total cumulative return in cash sums $54,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $925/mo property income covering a $572/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
4.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38585, Spencer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,494 (73.9%) |
| Renter Occupied HU | 287 (14.2%) |
| Vacant Housing Units | 242 (12.0%) |
| Median Home Value | $182,258 |
| Average Home Value | $255,137 |
Housing Distribution
Address Breakdown
Residential
2,008
Single Family
1,983
Multi-Family
25
Businesses
136
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Listed by: Rachel Gregory • eXp Realty
Mls Name: UCMLS
Mls Provider:
Mls ID: #229793
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