1614 Shady CirLebanonTN37087
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1614 Shady Cir, Lebanon, TN, 37087 in Lebanon worth modelling. At $524,900 with a 7.24% gross yield, the $2,233/mo rent leaves $26/mo after the $2,360/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 0.95 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $145,020 by year five; $4,834/yr in principal reduction adds further equity. Total projected return: $140,071.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.2% |
| Monthly Cash Flow | $26 | $850 |
City averages based on Lebanon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,233 |
| Total Monthly Debt Service | $2,933 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37087, Lebanon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,079 (100%) |
| Owner Occupied HU | 15,902 (66.0%) |
| Renter Occupied HU | 6,660 (27.7%) |
| Vacant Housing Units | 1,517 ( 6.3%) |
| Median Home Value | $416,956 |
| Average Home Value | $474,133 |
Housing Distribution
Address Breakdown
Residential
23,420
Single Family
21,841
Multi-Family
1,579
Businesses
1,524
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
Single Family
Built in 1962
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37087, Lebanon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,079 (100%) |
| Owner Occupied HU | 15,902 (66.0%) |
| Renter Occupied HU | 6,660 (27.7%) |
| Vacant Housing Units | 1,517 ( 6.3%) |
| Median Home Value | $416,956 |
| Average Home Value | $474,133 |
Housing Distribution
Address Breakdown
Residential
23,420
Single Family
21,841
Multi-Family
1,579
Businesses
1,524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer (Jenny) Young • A-Squared Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2885397
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-15 07:28:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)