820 Spencer AveGallatinTN37066
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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 Gallatin at 820 Spencer Ave, Gallatin, TN, 37066 uses $110,848 cash to close to unlock $6,216/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,637/mo payment keeps the spread at $518/mo. Purchase price stands at $334,382, and rental yield measures 9.04% with $2,520/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $92,384 over five years. Five-year ROI reaches 132.63% and total cumulative return in cash records $147,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,637/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37066, Gallatin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,313 (100%) |
| Owner Occupied HU | 18,507 (61.1%) |
| Renter Occupied HU | 9,686 (32.0%) |
| Vacant Housing Units | 2,120 ( 7.0%) |
| Median Home Value | $510,441 |
| Average Home Value | $580,109 |
Housing Distribution
Address Breakdown
Residential
27,823
Single Family
23,116
Multi-Family
4,707
Businesses
1,826
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Listed by: Ashley Luther • Chord Real Estate
Mls Name: UCMLS
Mls Provider:
Mls ID: #235277
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