837 Circle DrManchesterTN37355
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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 Manchester at 837 Circle Dr, Manchester, TN, 37355 uses $124,312 cash to close to unlock $692/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $2,302/mo, and a $1,835/mo payment keeps the spread at $58/mo. Purchase price stands at $374,999, and rental yield measures 7.37% with $2,302/mo rent. Return on cash invested shows 20.47% in year one, and 5% annual appreciation builds toward $103,605 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash records $131,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,302/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1990
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: Michael Szakos • Your Home Sold Guaranteed Realty TEN
Mls Name: My State MLS
Mls ID: #11621701