285 Mitchell LnHendersonTN38340
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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 285 Mitchell Ln, Henderson, TN, 38340 offers a 6.66% rental yield on a $289,900 purchase with $1,609/mo rent. 33% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 94.12% and total cumulative return in cash at $90,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,609/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
5.23 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: Larry Roberts • Casey Realtors
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501107
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