862 Longleaf LnColumbiaTN38401
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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
Rental property for sale in Columbia at 862 Longleaf Ln, Columbia, TN, 38401 priced at $318,000 converts $2,160/mo rent into $257/mo cash flow after a $1,556/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $3,082/yr on $105,417 invested. Return on cash invested prints 22.83% in year one, and rental yield reads 8.15% against a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation compiles into $87,858 by year five. Five-year ROI reaches 118.26% and total cumulative return in cash sums $124,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
7.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
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