403 Cleves StOld HickoryTN37138
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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 Old Hickory at 403 Cleves St, Old Hickory, TN, 37138 offers a 10.69% rental yield on a $294,900 purchase with $2,628/mo rent. Total monthly income registers $2,628/mo, and a $1,443/mo payment leaves $863/mo available for distribution. Annual cash flow reaches $10,357/yr on $97,759 to close, and return on cash invested stands at 30.5% in year one. Equity gained on principal adds $1,903/yr while 5% annual appreciation supports $81,475 over five years. Portfolio math shows five-year ROI at 159.44% and total cumulative return in cash at $155,863. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,628/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37138, Old Hickory, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,743 (100%) |
| Owner Occupied HU | 7,937 (73.9%) |
| Renter Occupied HU | 2,197 (20.5%) |
| Vacant Housing Units | 609 ( 5.7%) |
| Median Home Value | $442,952 |
| Average Home Value | $502,174 |
Housing Distribution
Address Breakdown
Residential
10,688
Single Family
10,170
Multi-Family
518
Businesses
479
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Listed by: Jami Crecelius • RE/MAX 1ST Choice
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3111159