835 Gap RdAltamontTN37301
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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 Altamont at 835 Gap Rd, Altamont, TN, 37301 offers a 16.49% rental yield on a $100,000 purchase with $1,374/mo rent. Total monthly income registers $1,374/mo, and a $489/mo payment leaves $776/mo available for distribution. Annual cash flow reaches $9,310/yr on $33,150 to close, and return on cash invested stands at 47.99% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 253.19% and total cumulative return in cash at $83,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,374/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37301, Altamont, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 733 (100%) |
| Owner Occupied HU | 519 (70.8%) |
| Renter Occupied HU | 123 (16.8%) |
| Vacant Housing Units | 91 (12.4%) |
| Median Home Value | $201,339 |
| Average Home Value | $230,024 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
676
Multi-Family
0
Businesses
72
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Listed by: David Simpson • D.M. Simpson Realtors & Auctioneers
Mls Name: UCMLS
Mls Provider:
Mls ID: #239323
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