78 Grassmire DrClarksvilleTN37042
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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 Clarksville at 78 Grassmire Dr, Clarksville, TN, 37042 generates $1,449/mo in rent and, after a $1,077/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,449/mo, and annual cash flow is $1,582/yr on $72,930 invested. Return on cash invested sits at 22.08% in year one, and rental yield is 7.9% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 114.22% and total cumulative return in cash sums $83,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,449/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37042, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,587 (100%) |
| Owner Occupied HU | 20,235 (53.8%) |
| Renter Occupied HU | 14,701 (39.1%) |
| Vacant Housing Units | 2,651 ( 7.1%) |
| Median Home Value | $276,220 |
| Average Home Value | $299,435 |
Housing Distribution
Address Breakdown
Residential
36,116
Single Family
33,421
Multi-Family
2,695
Businesses
1,037
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Listed by: Mark Lewis • Mark Spain Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3051219