897 Lookout DrRutledgeTN37861
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rutledge at 897 Lookout Dr, Rutledge, TN, 37861 priced at $275,000 converts $2,320/mo rent into $674/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,320/mo, and annual cash flow totals $8,085/yr on $91,163 invested. Return on cash invested prints 28.78% in year one, and rental yield reads 10.12% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 150.13% and total cumulative return in cash sums $136,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,320/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2017
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37861, Rutledge, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,640 (100%) |
| Owner Occupied HU | 2,996 (64.6%) |
| Renter Occupied HU | 840 (18.1%) |
| Vacant Housing Units | 804 (17.3%) |
| Median Home Value | $245,730 |
| Average Home Value | $283,334 |
Housing Distribution
Address Breakdown
Residential
4,286
Single Family
4,184
Multi-Family
102
Businesses
224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices