358 E 3rd StHendersonTN38340
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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 Henderson at 358 E 3rd St, Henderson, TN, 38340 offers a 10.43% rental yield on a $189,900 purchase with $1,650/mo rent. Total monthly income registers $1,650/mo, and a $929/mo payment leaves $514/mo available for distribution. Annual cash flow reaches $6,164/yr on $62,952 to close, and return on cash invested stands at 29.7% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 155.1% and total cumulative return in cash at $97,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38340, Henderson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,508 (65.7%) |
| Renter Occupied HU | 1,376 (25.8%) |
| Vacant Housing Units | 457 ( 8.6%) |
| Median Home Value | $171,379 |
| Average Home Value | $210,708 |
Housing Distribution
Address Breakdown
Residential
5,132
Single Family
5,063
Multi-Family
69
Businesses
527
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Listed by: Richard Emison • NextHome 383 Real Estate
Mls Name: CWTAR
Mls Provider:
Mls ID: #245042
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