15 Mitchell LnHendersonTN38340
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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 Henderson at 15 Mitchell Ln, Henderson, TN, 38340 generates $2,287/mo in rent and, after a $1,321/mo payment, leaves $671/mo in cash flow. Total monthly income is $2,287/mo, and annual cash flow is $8,056/yr on $89,472 invested. Return on cash invested sits at 28.91% in year one, and rental yield is 10.17% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 150.89% and total cumulative return in cash sums $135,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,287/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38340, Henderson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,508 (65.7%) |
| Renter Occupied HU | 1,376 (25.8%) |
| Vacant Housing Units | 457 ( 8.6%) |
| Median Home Value | $171,379 |
| Average Home Value | $210,708 |
Housing Distribution
Address Breakdown
Residential
5,132
Single Family
5,063
Multi-Family
69
Businesses
527
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Listed by: Larry Roberts • Casey Realtors
Mls Name: CWTAR
Mls Provider:
Mls ID: #241608
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