200 Sanders Ferry Rd APT 2202HendersonvilleTN37075
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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 Hendersonville at 200 Sanders Ferry Rd APT 2202, Hendersonville, TN, 37075 uses $89,472 cash to close to unlock $6,844/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,186/mo, and a $1,321/mo payment keeps the spread at $570/mo. Purchase price stands at $269,900, and rental yield measures 9.72% with $2,186/mo rent. Return on cash invested shows 27.56% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 143.64% and total cumulative return in cash records $128,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,186/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37075, Hendersonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,010 (100%) |
| Owner Occupied HU | 20,875 (69.6%) |
| Renter Occupied HU | 7,804 (26.0%) |
| Vacant Housing Units | 1,331 ( 4.4%) |
| Median Home Value | $485,855 |
| Average Home Value | $564,815 |
Housing Distribution
Address Breakdown
Residential
29,628
Single Family
25,192
Multi-Family
4,436
Businesses
1,877
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Listed by: Penny Weaver • Keller Williams Realty Mt. Juliet
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2825133