221 Pitts 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
Investment property for sale in Old Hickory at 221 Pitts Ave, Old Hickory, TN, 37138 at $323,000 posts ROI 27.69% with $694/mo cash flow from $2,628/mo rent. Total monthly income equals $2,628/mo, and annual cash flow records $8,333/yr on $107,075 to close. Return on cash invested measures 27.69% and rental yield reads 9.76% at the current $323,000. Equity gained on principal adds $2,084/yr, and 5% annual appreciation supports $89,239 by year five. Five-year ROI prints 144.33% and total cumulative return in cash totals $154,545.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,628/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
10,018 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: Shane Blair, MRP, ABR • A-Squared Realty & Auction
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2898728