16860 Highland DrMc KenzieTN38201
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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 Mc Kenzie at 16860 Highland Dr, Mc Kenzie, TN, 38201 generates $2,555/mo in rent and, after a $1,541/mo payment, leaves $670/mo in cash flow. Total monthly income is $2,555/mo, and annual cash flow is $8,043/yr on $104,389 invested. Return on cash invested sits at 27.61% in year one, and rental yield is 9.74% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 143.92% and total cumulative return in cash sums $150,238. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,555/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38201, Mc Kenzie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,374 (100%) |
| Owner Occupied HU | 2,635 (60.2%) |
| Renter Occupied HU | 1,118 (25.6%) |
| Vacant Housing Units | 621 (14.2%) |
| Median Home Value | $188,059 |
| Average Home Value | $229,028 |
Housing Distribution
Address Breakdown
Residential
4,125
Single Family
4,071
Multi-Family
54
Businesses
383
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