1018 New Hope RdHilhamTN38568
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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 Hilham at 1018 New Hope Rd, Hilham, TN, 38568 generates $1,692/mo in rent, after a $1,957/mo payment. Total monthly income is $1,692/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 5.08% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 68.54% and total cumulative return in cash sums $90,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,692/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38568, Hilham, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,072 (100%) |
| Owner Occupied HU | 685 (63.9%) |
| Renter Occupied HU | 173 (16.1%) |
| Vacant Housing Units | 214 (20.0%) |
| Median Home Value | $244,626 |
| Average Home Value | $335,204 |
Housing Distribution
Address Breakdown
Residential
979
Single Family
979
Multi-Family
0
Businesses
19
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Listed by: Frank Hardegree • Upper Cumberland Real Estate & Auction LLC
Mls Name: UCMLS
Mls Provider:
Mls ID: #237534
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