314 Hobbs AveLebanonTN37087
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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 Lebanon at 314 Hobbs Ave, Lebanon, TN, 37087 at $369,900 posts ROI 22.85% with $300/mo cash flow from $2,514/mo rent. Total monthly income equals $2,514/mo, and annual cash flow records $3,602/yr on $122,622 to close. Return on cash invested measures 22.85% and rental yield reads 8.16% at the current $369,900. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 by year five. Five-year ROI prints 118.35% and total cumulative return in cash totals $145,126.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,514/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37087, Lebanon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,079 (100%) |
| Owner Occupied HU | 15,902 (66.0%) |
| Renter Occupied HU | 6,660 (27.7%) |
| Vacant Housing Units | 1,517 ( 6.3%) |
| Median Home Value | $416,956 |
| Average Home Value | $474,133 |
Housing Distribution
Address Breakdown
Residential
23,420
Single Family
21,841
Multi-Family
1,579
Businesses
1,524
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