280 Lake Chateau DrHermitageTN37076
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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 Hermitage at 280 Lake Chateau Dr, Hermitage, TN, 37076 priced at $280,000 pairs $2,156/mo rent with $480/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,156/mo, and annual cash flow comes to $5,764/yr on $92,820 invested. Return on cash invested is 26.12% in year one, and rental yield stands at 9.24% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 135.9% and total cumulative return in cash reaches $126,141. For financing, Ziffy Mortgage’s DSCR program evaluates $2,156/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1998
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37076, Hermitage, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,552 (100%) |
| Owner Occupied HU | 10,351 (52.9%) |
| Renter Occupied HU | 7,998 (40.9%) |
| Vacant Housing Units | 1,203 ( 6.2%) |
| Median Home Value | $427,844 |
| Average Home Value | $485,264 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
14,208
Multi-Family
5,275
Businesses
964
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