813 Lonnie StColumbiaTN38401
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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 Columbia at 813 Lonnie St, Columbia, TN, 38401 offers $2,214/mo rent that, after a $1,394/mo payment, leaves $509/mo cash flow. Total monthly income is $2,214/mo, and annual cash flow is $6,108/yr on $94,444 cash. Return on cash invested measures 26.38% in year one, and rental yield stands at 9.33% at a $284,900 entry. Equity gained on principal adds $1,838/yr while 5% annual appreciation compounds into $78,713 by year five. Five-year ROI records 137.25% and total cumulative return in cash reaches $129,623. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,214/mo property income versus a $1,394/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
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