241 Crook AveHendersonTN38340
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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 Henderson at 241 Crook Ave, Henderson, TN, 38340 uses $75,914 cash to close to unlock $8,184/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $2,053/mo, and a $1,121/mo payment keeps the spread at $682/mo. Purchase price stands at $229,000, and rental yield measures 10.76% with $2,053/mo rent. Return on cash invested shows 30.69% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 160.45% and total cumulative return in cash records $121,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,053/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38340, Henderson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,508 (65.7%) |
| Renter Occupied HU | 1,376 (25.8%) |
| Vacant Housing Units | 457 ( 8.6%) |
| Median Home Value | $171,379 |
| Average Home Value | $210,708 |
Housing Distribution
Address Breakdown
Residential
5,132
Single Family
5,063
Multi-Family
69
Businesses
527
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Listed by: Katie M Townsend • Compass RE
Mls Name: CWTAR
Mls Provider:
Mls ID: #247241
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