975 Palmyra Rd LOT 6ClarksvilleTN37040
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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 Clarksville at 975 Palmyra Rd LOT 6, Clarksville, TN, 37040 generates $2,340/mo in rent, after a $2,910/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 12.58% in year one, and rental yield is 4.72% on a $594,500 entry. Equity gained on principal adds $3,836/yr, while 5% annual appreciation builds toward $164,249 over five years. Five-year ROI reaches 63.24% and total cumulative return in cash sums $123,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
2.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37040, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,083 (100%) |
| Owner Occupied HU | 14,549 (53.7%) |
| Renter Occupied HU | 10,669 (39.4%) |
| Vacant Housing Units | 1,865 ( 6.9%) |
| Median Home Value | $311,417 |
| Average Home Value | $337,491 |
Housing Distribution
Address Breakdown
Residential
25,440
Single Family
22,575
Multi-Family
2,865
Businesses
2,355
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Listed by: Jon M. Vaughn • Coldwell Banker Conroy, Marable & Holleman
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3098119