342 Lakeside Park Dr #AHendersonvilleTN37075
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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
Rental property for sale in Hendersonville at 342 Lakeside Park Dr #A, Hendersonville, TN, 37075 offers $2,640/mo rent that, after a $1,859/mo payment, leaves $366/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $4,395/yr on $125,937 cash. Return on cash invested measures 23.4% in year one, and rental yield stands at 8.34% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 121.3% and total cumulative return in cash reaches $152,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37075, Hendersonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,010 (100%) |
| Owner Occupied HU | 20,875 (69.6%) |
| Renter Occupied HU | 7,804 (26.0%) |
| Vacant Housing Units | 1,331 ( 4.4%) |
| Median Home Value | $485,855 |
| Average Home Value | $564,815 |
Housing Distribution
Address Breakdown
Residential
29,628
Single Family
25,192
Multi-Family
4,436
Businesses
1,877
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Listed by: Wyatt Evans • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3080049