10057 Highway 22 SMichieTN38357
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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
Investment property for sale in Michie at 10057 Highway 22 S, Michie, TN, 38357 earns from $1,222/mo rent with a $1,223/mo payment. Total monthly income totals $1,222/mo. ROI tracks 15.94% on current figures, and rental yield reads 5.87% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 81.35% and total cumulative return in cash sums $67,394. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,222/mo property income instead of your personal income.
Single Family
Built in N/A
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38357, Michie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,450 (100%) |
| Owner Occupied HU | 1,043 (71.9%) |
| Renter Occupied HU | 203 (14.0%) |
| Vacant Housing Units | 204 (14.1%) |
| Median Home Value | $210,034 |
| Average Home Value | $254,216 |
Housing Distribution
Address Breakdown
Residential
1,268
Single Family
1,268
Multi-Family
0
Businesses
34
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Listed by: Robert Williams • Bailey Williams Realty
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-923
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.