8860 Highway 138MercerTN38392
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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 Mercer at 8860 Highway 138, Mercer, TN, 38392 listed at $179,000 pairs $1,283/mo rent with a $876/mo payment to leave $212/mo cash flow. Total monthly income runs $1,283/mo, and annual cash flow reaches $2,539/yr on $59,339 cash to close. Return on cash invested measures 24.19% in year one, and rental yield registers 8.6% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 125.53% and total cumulative return in cash totals $74,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,283/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38392, Mercer, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 314 (100%) |
| Owner Occupied HU | 220 (70.1%) |
| Renter Occupied HU | 48 (15.3%) |
| Vacant Housing Units | 46 (14.6%) |
| Median Home Value | $191,667 |
| Average Home Value | $187,750 |
Housing Distribution
Address Breakdown
Residential
311
Single Family
311
Multi-Family
0
Businesses
7
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