290 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
Investment property for sale in Hermitage at 290 Lake Chateau Dr, Hermitage, TN, 37076 listed at $289,700 pairs $2,156/mo rent with a $1,418/mo payment to leave $422/mo cash flow. Total monthly income runs $2,156/mo, and annual cash flow reaches $5,061/yr on $96,036 cash to close. Return on cash invested measures 25.18% in year one, and rental yield registers 8.93% at a $289,700 basis. Equity gained on principal adds $1,869/yr, and annual property appreciation at 5% supports $80,039 by year five. Five-year ROI tracks 130.83% and total cumulative return in cash totals $125,646. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,156/mo property income relative to a $1,418/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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