3216 Hamburg RdMichieTN38357
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 Michie at 3216 Hamburg Rd, Michie, TN, 38357 at $229,900 posts ROI 16.89% with from $1,184/mo rent. Total monthly income equals $1,184/mo. Return on cash invested measures 16.89% and rental yield reads 6.18% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 86.43% and total cumulative return in cash totals $65,867. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,184/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1969
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38357, Michie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,450 (100%) |
| Owner Occupied HU | 1,043 (71.9%) |
| Renter Occupied HU | 203 (14.0%) |
| Vacant Housing Units | 204 (14.1%) |
| Median Home Value | $210,034 |
| Average Home Value | $254,216 |
Housing Distribution
Address Breakdown
Residential
1,268
Single Family
1,268
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Darlene Cagle • Molly Moore Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10193942
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