2311 Patrick AveOld HickoryTN37138
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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 Old Hickory at 2311 Patrick Ave, Old Hickory, TN, 37138 listed at $284,900 pairs $2,639/mo rent with a $1,394/mo payment to leave $934/mo cash flow. Total monthly income runs $2,639/mo, and annual cash flow reaches $11,208/yr on $94,444 cash to close. Return on cash invested measures 31.78% in year one, and rental yield registers 11.12% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 166.19% and total cumulative return in cash totals $156,959. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,639/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
435.60 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: Victoria Clemmons • LHI Homes International
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3035508