225 Hickory CtMcMinnvilleTN37110
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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 McMinnville at 225 Hickory Ct, McMinnville, TN, 37110 priced at $549,900 converts $1,200/mo rent into after a $2,691/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 6.19% in year one, and rental yield reads 2.62% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 28.96% and total cumulative return in cash sums $52,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Condo
Built in 2008
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37110, Mc Minnville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,554 (100%) |
| Owner Occupied HU | 9,822 (63.1%) |
| Renter Occupied HU | 4,293 (27.6%) |
| Vacant Housing Units | 1,439 ( 9.3%) |
| Median Home Value | $231,111 |
| Average Home Value | $276,376 |
Housing Distribution
Address Breakdown
Residential
14,614
Single Family
13,918
Multi-Family
696
Businesses
1,127
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Listed by: Lara K. Kirby | KIRBY GROUP • Compass
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3049351