416 W 6th St, Columbia, TN, 38401 | 5.41% Rental Yield

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416 W 6th St, Columbia, TN, 38401 | 5.41% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Columbia at 416 W 6th St, Columbia, TN, 38401 offers a 5.41% rental yield on a $989,000 purchase with $4,457/mo rent. 66% in year one. Equity gained on principal adds $6,382/yr while 5% annual appreciation supports $273,242 over five years. Portfolio math shows five-year ROI at 74.41% and total cumulative return in cash at $242,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,457/mo property income against a $4,841/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1900

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

7-Unit apartment Building - Fully Updated and Turn-Key Investment. Total SF 4280 Exceptional investment opportunity! This 7-unit apartment building has been completely updated for long-term reliability and strong rental appeal. Major improvements include a new roof, updated plumbing and electrical systems, modern HVAC units, and efficient tankless water heaters - ensuring low maintenance and dependable performance for years to come. Each unit features comfortable living spaces with practical layouts and plenty of natural light. The property sits on a large lot proving ample parking for tenants and guests, along with convenient access to shopping, schools, and major roadways. Property Highlights: * 7 total units with solid rental history * Major system upgrades: roof, plumbing, electrical, HVAC, and tankless water heaters * Situated on a large lot with abundant parking * Low-Maintenance investment with predictable expenses. * Desirable, tenant-friendly location * Excellent opportunity to increase rents and long-term value * 100% Leased This turn-key multifamily property is perfect for investors seeking steady cash flow, minimal upkeep, and strong growth potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,552 (100%)
Owner Occupied HU	19,842 (64.9%)
Renter Occupied HU	8,481 (27.8%)
Vacant Housing Units	2,229 ( 7.3%)
Median Home Value	$383,591
Average Home Value	$440,270