885 Highway 138TooneTN38381
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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 Toone at 885 Highway 138, Toone, TN, 38381 offers a 5.65% rental yield on a $298,000 purchase with $1,402/mo rent. 26% in year one. Equity gained on principal adds $1,923/yr while 5% annual appreciation supports $82,332 over five years. Portfolio math shows five-year ROI at 77.68% and total cumulative return in cash at $76,736. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,402/mo property income against a $1,459/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
25.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38381, Toone, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 470 (65.0%) |
| Renter Occupied HU | 137 (18.9%) |
| Vacant Housing Units | 116 (16.0%) |
| Median Home Value | $134,091 |
| Average Home Value | $178,755 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
29
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