208 Blue Ridge Dr APT 2Old HickoryTN37138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 208 Blue Ridge Dr APT 2, Old Hickory, TN, 37138 offers a 10.54% rental yield on a $214,900 purchase with $1,888/mo rent. Total monthly income registers $1,888/mo, and a $1,052/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,717/yr on $71,239 to close, and return on cash invested stands at 27.93% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 146.4% and total cumulative return in cash at $104,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,888/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
$125 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maggie Edwards • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2806516
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-20 07:27:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)