1744 Colonial Shores DrHixsonTN37343
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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 Hixson at 1744 Colonial Shores Dr, Hixson, TN, 37343 generates $3,241/mo in rent, after a $2,668/mo payment. Total monthly income is $3,241/mo. Return on cash invested sits at 19.91% in year one, and rental yield is 7.14% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 102.58% and total cumulative return in cash sums $183,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,241/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37343, Hixson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,673 (100%) |
| Owner Occupied HU | 13,936 (70.8%) |
| Renter Occupied HU | 4,628 (23.5%) |
| Vacant Housing Units | 1,109 ( 5.6%) |
| Median Home Value | $352,787 |
| Average Home Value | $386,625 |
Housing Distribution
Address Breakdown
Residential
19,539
Single Family
18,378
Multi-Family
1,161
Businesses
1,334
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