116 Edgeview DrHendersonvilleTN37075
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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 Hendersonville at 116 Edgeview Dr, Hendersonville, TN, 37075 priced at $379,973 converts $2,658/mo rent into $383/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,658/mo, and annual cash flow totals $4,598/yr on $125,961 invested. Return on cash invested prints 23.56% in year one, and rental yield reads 8.39% against a $379,973 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,980 by year five. Five-year ROI reaches 122.17% and total cumulative return in cash sums $153,892. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,658/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37075, Hendersonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,010 (100%) |
| Owner Occupied HU | 20,875 (69.6%) |
| Renter Occupied HU | 7,804 (26.0%) |
| Vacant Housing Units | 1,331 ( 4.4%) |
| Median Home Value | $485,855 |
| Average Home Value | $564,815 |
Housing Distribution
Address Breakdown
Residential
29,628
Single Family
25,192
Multi-Family
4,436
Businesses
1,877
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Listed by: Alyse Sands • Agora Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3043784