359 Cemetery 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
Rental property for sale in Michie at 359 Cemetery Rd, Michie, TN, 38357 offers $1,396/mo rent that, after a $781/mo payment, leaves $441/mo cash flow. Total monthly income is $1,396/mo, and annual cash flow is $5,291/yr on $52,874 cash. Return on cash invested measures 29.91% in year one, and rental yield stands at 10.5% at a $159,500 entry. Equity gained on principal adds $1,029/yr while 5% annual appreciation compounds into $44,067 by year five. Five-year ROI records 156.24% and total cumulative return in cash reaches $82,609. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,396/mo property income versus a $781/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.61 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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Listed by: Rhonda G Wheeler • Farm & Home Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10207005
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