505 Hickory Hill RdShelbyvilleTN37160
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 Shelbyville at 505 Hickory Hill Rd, Shelbyville, TN, 37160 priced at $719,900 pairs $2,280/mo rent with after a $3,524/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 9.78% in year one, and rental yield stands at 3.8% on a $719,900 basis. Equity gained on principal adds $4,645/yr, and 5% annual appreciation accumulates to $198,895 by year five. Five-year ROI measures 48.21% and total cumulative return in cash reaches $114,191. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $3,524/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
25.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37160, Shelbyville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,535 (100%) |
| Owner Occupied HU | 9,578 (61.7%) |
| Renter Occupied HU | 4,957 (31.9%) |
| Vacant Housing Units | 1,000 ( 6.4%) |
| Median Home Value | $299,851 |
| Average Home Value | $387,374 |
Housing Distribution
Address Breakdown
Residential
15,133
Single Family
14,885
Multi-Family
248
Businesses
1,027
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ted Birtcil • Simmons Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2964748