421 Hobbs AveLebanonTN37087
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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 Lebanon at 421 Hobbs Ave, Lebanon, TN, 37087 priced at $259,000 converts $2,580/mo rent into $1,029/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,580/mo, and annual cash flow totals $12,351/yr on $85,859 invested. Return on cash invested prints 34.29% in year one, and rental yield reads 11.95% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 179.76% and total cumulative return in cash sums $154,336. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37087, Lebanon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,079 (100%) |
| Owner Occupied HU | 15,902 (66.0%) |
| Renter Occupied HU | 6,660 (27.7%) |
| Vacant Housing Units | 1,517 ( 6.3%) |
| Median Home Value | $416,956 |
| Average Home Value | $474,133 |
Housing Distribution
Address Breakdown
Residential
23,420
Single Family
21,841
Multi-Family
1,579
Businesses
1,524
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