829 State Route 399PalmerTN37365
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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 Palmer at 829 State Route 399, Palmer, TN, 37365 offers a 9.2% rental yield on a $115,000 purchase with $882/mo rent. Total monthly income registers $882/mo, and a $563/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,322/yr on $38,123 to close, and return on cash invested stands at 26% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 135.31% and total cumulative return in cash at $51,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $882/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
2 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37365, Palmer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 486 (73.6%) |
| Renter Occupied HU | 66 ( 10.0%) |
| Vacant Housing Units | 108 (16.4%) |
| Median Home Value | $156,542 |
| Average Home Value | $195,231 |
Housing Distribution
Address Breakdown
Residential
471
Single Family
471
Multi-Family
0
Businesses
25
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