843 Cherokee DrNew JohnsonvilleTN37134
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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
Total monthly income runs $960/mo, and a $1,448/mo payment. Purchase price stands at $295,900, and rental yield measures 3.89% with $960/mo rent. Return on cash invested shows 9.99% in year one, and 5% annual appreciation builds toward $81,752 over five years. Five-year ROI reaches 49.36% and total cumulative return in cash records $48,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $1,448/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37134, New Johnsonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,284 (100%) |
| Owner Occupied HU | 975 (75.9%) |
| Renter Occupied HU | 183 (14.3%) |
| Vacant Housing Units | 126 ( 9.8%) |
| Median Home Value | $202,099 |
| Average Home Value | $254,856 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
80
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Listed by: Wayne Rachford • Elite Real Estate Group
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3078407