223 W Hite StGallatinTN37066
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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
Rental property for sale in Gallatin at 223 W Hite St, Gallatin, TN, 37066 priced at $314,200 converts $2,172/mo rent into $291/mo cash flow after a $1,538/mo obligation. Total monthly income equals $2,172/mo, and annual cash flow totals $3,492/yr on $104,157 invested. Return on cash invested prints 23.26% in year one, and rental yield reads 8.3% against a $314,200 entry. Equity gained on principal adds $2,027/yr, while 5% annual appreciation compiles into $86,808 by year five. Five-year ROI reaches 120.54% and total cumulative return in cash sums $125,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,172/mo property income covering a $1,538/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37066, Gallatin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,313 (100%) |
| Owner Occupied HU | 18,507 (61.1%) |
| Renter Occupied HU | 9,686 (32.0%) |
| Vacant Housing Units | 2,120 ( 7.0%) |
| Median Home Value | $510,441 |
| Average Home Value | $580,109 |
Housing Distribution
Address Breakdown
Residential
27,823
Single Family
23,116
Multi-Family
4,707
Businesses
1,826
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