867 Oldfield DrGainesboroTN38562
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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 Gainesboro at 867 Oldfield Dr, Gainesboro, TN, 38562 priced at $334,900 converts $1,140/mo rent into after a $1,639/mo obligation. Total monthly income equals $1,140/mo. Return on cash invested prints 10.56% in year one, and rental yield reads 4.08% against a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation compiles into $92,527 by year five. Five-year ROI reaches 52.48% and total cumulative return in cash sums $58,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $1,639/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38562, Gainesboro, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,543 (100%) |
| Owner Occupied HU | 2,370 (66.9%) |
| Renter Occupied HU | 637 (18.0%) |
| Vacant Housing Units | 536 (15.1%) |
| Median Home Value | $191,111 |
| Average Home Value | $237,893 |
Housing Distribution
Address Breakdown
Residential
3,050
Single Family
2,965
Multi-Family
85
Businesses
201
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Listed by: Brandon Farley • Highlands Elite Real Estate LLC
Mls Name: UCMLS
Mls ID: #240292