2385 Midway RdSmithvilleTN37166
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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 Smithville at 2385 Midway Rd, Smithville, TN, 37166 offers a 9.07% rental yield on a $135,000 purchase with $1,020/mo rent. Total monthly income registers $1,020/mo, and a $661/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,540/yr on $44,753 to close, and return on cash invested stands at 25.58% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 133.05% and total cumulative return in cash at $59,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37166, Smithville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,141 (100%) |
| Owner Occupied HU | 4,280 (59.9%) |
| Renter Occupied HU | 1,801 (25.2%) |
| Vacant Housing Units | 1,060 (14.8%) |
| Median Home Value | $242,188 |
| Average Home Value | $348,801 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,463
Multi-Family
62
Businesses
465
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Listed by: Jennifer Hannah, Broker • Town & Lake Realty, Inc.
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3061836