90 India Village RdParisTN38242
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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 Paris at 90 India Village Rd, Paris, TN, 38242 priced at $214,500 converts $1,502/mo rent into $218/mo cash flow after a $1,050/mo obligation. Total monthly income equals $1,502/mo, and annual cash flow totals $2,614/yr on $71,107 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 8.4% against a $214,500 entry. Equity gained on principal adds $1,384/yr, while 5% annual appreciation compiles into $59,262 by year five. Five-year ROI reaches 122.3% and total cumulative return in cash sums $86,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,502/mo property income covering a $1,050/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38242, Paris, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,396 (100%) |
| Owner Occupied HU | 5,790 (61.6%) |
| Renter Occupied HU | 2,680 (28.5%) |
| Vacant Housing Units | 926 ( 9.9%) |
| Median Home Value | $219,561 |
| Average Home Value | $300,504 |
Housing Distribution
Address Breakdown
Residential
9,147
Single Family
8,731
Multi-Family
416
Businesses
1,062
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Listed by: Rick Moody • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #131733
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.