80 Manion Rd LOT 1LafayetteTN37083
Nearby investment properties with comparable rents
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 Lafayette at 80 Manion Rd LOT 1, Lafayette, TN, 37083 generates $1,378/mo in rent and, after a $876/mo payment, leaves $307/mo in cash flow. Total monthly income is $1,378/mo, and annual cash flow is $3,679/yr on $59,339 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 9.24% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 135.84% and total cumulative return in cash sums $80,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,378/mo property income rather than buyer’s personal income.
Manufactured
Built in 1994
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37083, Lafayette, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,249 (100%) |
| Owner Occupied HU | 4,625 (63.8%) |
| Renter Occupied HU | 2,050 (28.3%) |
| Vacant Housing Units | 574 ( 7.9%) |
| Median Home Value | $249,414 |
| Average Home Value | $301,902 |
Housing Distribution
Address Breakdown
Residential
6,707
Single Family
6,593
Multi-Family
114
Businesses
528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices