500 Springmont BlvdOld 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
Rental property for sale in Old Hickory at 500 Springmont Blvd, Old Hickory, TN, 37138 priced at $394,900 pairs $2,628/mo rent with $264/mo cash flow after a $1,933/mo payment. Total monthly income equals $2,628/mo, and annual cash flow comes to $3,167/yr on $130,909 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 7.99% on a $394,900 basis. Equity gained on principal adds $2,548/yr, and 5% annual appreciation accumulates to $109,104 by year five. Five-year ROI measures 115.54% and total cumulative return in cash reaches $151,259. For financing, Ziffy Mortgage’s DSCR program evaluates $2,628/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.81 Acres 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: Sharlene Williams • simpliHOM - The Results Team
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3000814