90 Price LnParsonsTN38363
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
Investment property for sale in Parsons at 90 Price Ln, Parsons, TN, 38363 uses $77,737 cash to close to unlock $708/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $1,148/mo payment keeps the spread at $59/mo. Purchase price stands at $234,500, and rental yield measures 7.49% with $1,463/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $64,788 over five years. Five-year ROI reaches 107.44% and total cumulative return in cash records $83,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $1,148/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.34 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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Nearby investment properties with comparable prices
Listed by: Christopher Spence • CRYE*LEIKE Tapestry Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501065
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