208 Hickory DrShelbyvilleTN37160
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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 Shelbyville at 208 Hickory Dr, Shelbyville, TN, 37160 uses $101,771 cash to close to unlock $5,302/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,503/mo payment keeps the spread at $442/mo. Purchase price stands at $307,000, and rental yield measures 8.91% with $2,280/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 130.51% and total cumulative return in cash records $132,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,503/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37160, Shelbyville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,535 (100%) |
| Owner Occupied HU | 9,578 (61.7%) |
| Renter Occupied HU | 4,957 (31.9%) |
| Vacant Housing Units | 1,000 ( 6.4%) |
| Median Home Value | $299,851 |
| Average Home Value | $387,374 |
Housing Distribution
Address Breakdown
Residential
15,133
Single Family
14,885
Multi-Family
248
Businesses
1,027
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Listed by: Jaclyn Williams • Onward Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3059191