198 Old Hickory PlSmithvilleTN37166
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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 Smithville at 198 Old Hickory Pl, Smithville, TN, 37166 uses $36,432 cash to close to unlock $2,148/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $837/mo, and a $538/mo payment keeps the spread at $179/mo. Purchase price stands at $109,900, and rental yield measures 9.14% with $837/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 134.33% and total cumulative return in cash records $48,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $837/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37166, Smithville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,141 (100%) |
| Owner Occupied HU | 4,280 (59.9%) |
| Renter Occupied HU | 1,801 (25.2%) |
| Vacant Housing Units | 1,060 (14.8%) |
| Median Home Value | $242,188 |
| Average Home Value | $348,801 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,463
Multi-Family
62
Businesses
465
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Listed by: David W.Close • Close & Paschal Auction & Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3050473