215 Ensley AveOld 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
Rental property for sale in Old Hickory at 215 Ensley Ave, Old Hickory, TN, 37138 priced at $399,900 converts $2,862/mo rent into $468/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,862/mo, and annual cash flow totals $5,621/yr on $132,567 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 8.59% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 125.32% and total cumulative return in cash sums $166,136. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,862/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Multi Family
Built in 2001
7,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Staci Bell • Regal Realty Group
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3033818