841 Simmons RdDrummondsTN38023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Drummonds at 841 Simmons Rd, Drummonds, TN, 38023 priced at $219,900 pairs $2,159/mo rent with $843/mo cash flow after a $1,076/mo payment. Total monthly income equals $2,159/mo, and annual cash flow comes to $10,115/yr on $72,897 invested. Return on cash invested is 33.79% in year one, and rental yield stands at 11.78% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 177% and total cumulative return in cash reaches $129,028. For financing, Ziffy Mortgage’s DSCR program evaluates $2,159/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38023, Drummonds, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,155 (100%) |
| Owner Occupied HU | 1,551 (72.0%) |
| Renter Occupied HU | 453 (21.0%) |
| Vacant Housing Units | 151 ( 7.0%) |
| Median Home Value | $255,335 |
| Average Home Value | $273,643 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,987
Multi-Family
0
Businesses
41
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Listed by: Camela E Henke • Enterprise, REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10196325
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