1151 Canaan Rd, Columbia, TN, 38401 | 6.77% Rental Yield

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Price: $300K - 500K

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1151 Canaan Rd, Columbia, TN, 38401 | 6.77% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Columbia at 1151 Canaan Rd, Columbia, TN, 38401 priced at $789,990 converts $4,457/mo rent into after a $3,867/mo obligation. Total monthly income equals $4,457/mo. Return on cash invested prints 18.8% in year one, and rental yield reads 6.77% against a $789,990 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation compiles into $218,260 by year five. Five-year ROI reaches 96.61% and total cumulative return in cash sums $251,097. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,457/mo property income covering a $3,867/mo payment, not borrower’s personal income.

Single Family

Built in 2025

1.36 Acres lot

$N/A/sqft

No HOA

More details about the property

New home on 1.36 flat and usable acres. Sought after location in the country with easy access to the city and desirable Hampshire schools. Plenty of room in backyard for a pool or shop. Septic system to the right of home. 4 Bedroom home plus an office and a massive 387 sq ft bonus room. Home features a huge kitchen with tons of storage plus a large butler's pantry off kitchen, large formal dining room, huge laundry room with a sink, cabinets, and counter space, master bedroom has massive his and hers closets and a 5 piece private bath with full tile shower. Finishes include soft close white painted cabinets, quartz counters, upgraded trim package, full wood wrapped windows, high end trim details and cement planked siding. Large covered back porch. Backed by builder's 2-10 warranty.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,552 (100%)
Owner Occupied HU	19,842 (64.9%)
Renter Occupied HU	8,481 (27.8%)
Vacant Housing Units	2,229 ( 7.3%)
Median Home Value	$383,591
Average Home Value	$440,270