124 Saddle 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
Investment property for sale in Hendersonville at 124 Saddle Dr, Hendersonville, TN, 37075 offers a 7.51% rental yield on a $424,900 purchase with $2,658/mo rent. Total monthly income registers $2,658/mo, and a $2,080/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,370/yr on $140,854 to close, and return on cash invested stands at 20.88% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 107.81% and total cumulative return in cash at $151,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,658/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,454 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: Gary Ashton • The Ashton Real Estate Group of RE/MAX Advantage
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3071702