3038 Old McKenzie HwyHenryTN38231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Henry at 3038 Old McKenzie Hwy, Henry, TN, 38231 uses $54,532 cash to close to unlock $4,025/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $805/mo payment keeps the spread at $335/mo. Purchase price stands at $164,500, and rental yield measures 9.63% with $1,320/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $45,448 over five years. Five-year ROI reaches 142.22% and total cumulative return in cash records $77,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $805/mo payment rather than investor’s personal income.
Single Family
Built in 2006
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38231, Henry, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 581 (71.2%) |
| Renter Occupied HU | 142 (17.4%) |
| Vacant Housing Units | 93 (11.4%) |
| Median Home Value | $147,768 |
| Average Home Value | $224,703 |
Housing Distribution
Address Breakdown
Residential
707
Single Family
707
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teri Edwards • Moody Realty Company, Inc.
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #132976
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.