259 E 3rd St, Henderson, TN, 38340 | $196/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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259 E 3rd St, Henderson, TN, 38340 | $196/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Henderson at 259 E 3rd St, Henderson, TN, 38340 earns $196/mo cash flow from $800/mo rent with a $494/mo payment. Total monthly income totals $800/mo, and annual cash flow totals $2,349/yr on $33,482 capital. ROI tracks 26.92% on current figures, and rental yield reads 9.5% at a $101,000 purchase. Equity gained on principal adds $652/yr, and 5% annual appreciation supports $27,904 over five years. Five-year ROI reaches 140.23% and total cumulative return in cash sums $46,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $800/mo property income instead of your personal income.

Single Family

Built in 1950

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Great location only 3 blocks from Freed Hardeman University. Quick walk. Fixer- upper in need of many repairs. 1308 sq. ft. home hardwood floors. Shaded lot. 14x8 Covered front & side porch. Built in shelving in Kitchen and Living Rooms. This is for house only! The vacant lot to the rear is not included. Any furnishings could be purchased separately if desired. The home has not been lived in for many years. It is being sold by the Estate as is. All information is deemed accurate but not guaranteed by broker, agent, or seller.

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