869 W 4th StParsonsTN38363
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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 Parsons at 869 W 4th St, Parsons, TN, 38363 uses $75,914 cash to close to unlock $2,424/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,573/mo, and a $1,121/mo payment keeps the spread at $202/mo. Purchase price stands at $229,000, and rental yield measures 8.24% with $1,573/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 119.76% and total cumulative return in cash records $90,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38363, Parsons, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,669 (59.4%) |
| Renter Occupied HU | 607 (21.6%) |
| Vacant Housing Units | 533 (19.0%) |
| Median Home Value | $157,745 |
| Average Home Value | $213,635 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,518
Multi-Family
51
Businesses
325
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