1700 Riverside RdOld 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 1700 Riverside Rd, Old Hickory, TN, 37138 uses $140,888 cash to close to unlock $9,084/yr annual cash flow and $757/mo monthly cash flow. Total monthly income runs $3,301/mo, and a $2,080/mo payment keeps the spread at $757/mo. Purchase price stands at $425,000, and rental yield measures 9.32% with $3,301/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 137.19% and total cumulative return in cash records $193,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,301/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.27 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
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Listed by: JD Mahan • EXIT REAL ESTATE EXPERTS
Mls Name: EXIT Realty broker feed
Mls ID: #3032287