1010 Kendrick RdMichieTN38357
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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 Michie at 1010 Kendrick Rd, Michie, TN, 38357 generates $2,278/mo in rent and, after a $1,223/mo payment, leaves $782/mo in cash flow. Total monthly income is $2,278/mo, and annual cash flow is $9,386/yr on $82,842 invested. Return on cash invested sits at 31.24% in year one, and rental yield is 10.94% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 163.38% and total cumulative return in cash sums $135,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,278/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
2 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: Dessie Hardee • RE/MAX Realty Source
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502920
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