1586 Needmore RdOld HickoryTN37138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Old Hickory at 1586 Needmore Rd, Old Hickory, TN, 37138 priced at $999,999 converts $2,125/mo rent into after a $4,895/mo obligation. Total monthly income equals $2,125/mo. Return on cash invested prints 5.98% in year one, and rental yield reads 2.55% against a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation compiles into $276,281 by year five. Five-year ROI reaches 27.84% and total cumulative return in cash sums $91,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,125/mo property income covering a $4,895/mo payment, not borrower’s personal income.
Single Family
Built in 1922
9 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Dodd • No. 1 Quality Realty-celina
Mls Name: UCMLS
Mls Provider:
Mls ID: #235208
Disclaimer: Copyright 2025 Upper Cumberland Board of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Upper Cumberland Board of Realtors. Some or all of the listings displayed may not belong to the firm whose website is being visited.