5962 Highway 22MichieTN38357
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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 Michie at 5962 Highway 22, Michie, TN, 38357 generates $878/mo in rent and, after a $538/mo payment, leaves $220/mo in cash flow. Total monthly income is $878/mo, and annual cash flow is $2,639/yr on $36,465 invested. Return on cash invested sits at 27.15% in year one, and rental yield is 9.58% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $51,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $878/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38357, Michie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,450 (100%) |
| Owner Occupied HU | 1,043 (71.9%) |
| Renter Occupied HU | 203 (14.0%) |
| Vacant Housing Units | 204 (14.1%) |
| Median Home Value | $210,034 |
| Average Home Value | $254,216 |
Housing Distribution
Address Breakdown
Residential
1,268
Single Family
1,268
Multi-Family
0
Businesses
34
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