352 Cornelius WayHendersonvilleTN37075
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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 352 Cornelius Way, Hendersonville, TN, 37075 priced at $559,500 converts $2,658/mo rent into after a $2,738/mo obligation. Total monthly income equals $2,658/mo. Return on cash invested prints 15.56% in year one, and rental yield reads 5.7% against a $559,500 entry. Equity gained on principal adds $3,610/yr, while 5% annual appreciation compiles into $154,580 by year five. Five-year ROI reaches 79.22% and total cumulative return in cash sums $145,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,658/mo property income covering a $2,738/mo payment, not borrower’s personal income.
Single Family
Built in 2016
3,484 sqft 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: Kelly McDaniel, Broker • WEICHERT, REALTORS - Southern Realty Partners
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3071375