204 Commerce StOld 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 204 Commerce St, Old Hickory, TN, 37138 listed at $219,900 pairs $1,936/mo rent with a $1,076/mo payment to leave $620/mo cash flow. Total monthly income runs $1,936/mo, and annual cash flow reaches $7,439/yr on $72,897 cash to close. Return on cash invested measures 30.11% in year one, and rental yield registers 10.56% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 157.3% and total cumulative return in cash totals $114,664. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,936/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
3,049 sqft 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: Sarah Evans • Blue Skies Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3056649