926 Lake DrHornbeakTN38232
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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 Hornbeak at 926 Lake Dr, Hornbeak, TN, 38232 generates $1,822/mo in rent and, after a $1,419/mo payment, leaves $87/mo in cash flow. Total monthly income is $1,822/mo, and annual cash flow is $1,038/yr on $96,102 invested. Return on cash invested sits at 20.99% in year one, and rental yield is 7.54% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 108.39% and total cumulative return in cash sums $104,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,822/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38232, Hornbeak, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,049 (100%) |
| Owner Occupied HU | 656 (62.5%) |
| Renter Occupied HU | 156 (14.9%) |
| Vacant Housing Units | 237 (22.6%) |
| Median Home Value | $173,958 |
| Average Home Value | $240,011 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
850
Multi-Family
0
Businesses
38
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Listed by: TERRY R. PETTY • FULLER PARTNERS REAL ESTATE
Mls Name: RRAR
Mls ID: #45796
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.