1402 Clarke StOld HickoryTN37138
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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 Old Hickory at 1402 Clarke St, Old Hickory, TN, 37138 offers a 8.42% rental yield on a $283,500 purchase with $1,990/mo rent. Total monthly income registers $1,990/mo, and a $1,388/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,510/yr on $93,980 to close, and return on cash invested stands at 23.64% in year one. Equity gained on principal adds $1,829/yr while 5% annual appreciation supports $78,326 over five years. Portfolio math shows five-year ROI at 122.63% and total cumulative return in cash at $115,252. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,990/mo property income against a $1,388/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37138, Old Hickory, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,743 (100%) |
| Owner Occupied HU | 7,937 (73.9%) |
| Renter Occupied HU | 2,197 (20.5%) |
| Vacant Housing Units | 609 ( 5.7%) |
| Median Home Value | $442,952 |
| Average Home Value | $502,174 |
Housing Distribution
Address Breakdown
Residential
10,688
Single Family
10,170
Multi-Family
518
Businesses
479
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #2888704