974 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 974 Lake Dr, Hornbeak, TN, 38232 generates $2,183/mo in rent and, after a $1,224/mo payment, leaves $686/mo in cash flow. Total monthly income is $2,183/mo, and annual cash flow is $8,233/yr on $82,875 invested. Return on cash invested sits at 29.84% in year one, and rental yield is 10.48% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 155.89% and total cumulative return in cash sums $129,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
8,712 sqft 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: Amy Kaye Clark • First Southern Real Estate
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503702
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