601 Laurel Hill DrOld 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 601 Laurel Hill Dr, Old Hickory, TN, 37138 generates $2,069/mo in rent and, after a $1,468/mo payment, leaves $274/mo in cash flow. Total monthly income is $2,069/mo, and annual cash flow is $3,283/yr on $99,417 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 8.28% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 120.29% and total cumulative return in cash sums $119,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,069/mo property income rather than buyer’s personal income.
Condo
Built in 1988
1,306 sqft 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: Vicki Hertel • Regal Realty Group
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3041492