608 Lawrence StOld 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
Investment property for sale in Old Hickory at 608 Lawrence St, Old Hickory, TN, 37138 earns from $1,854/mo rent with a $1,542/mo payment. Total monthly income totals $1,854/mo. ROI tracks 19.54% on current figures, and rental yield reads 7.06% at a $314,999 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,028 over five years. Five-year ROI reaches 100.66% and total cumulative return in cash sums $105,113. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,854/mo property income instead of your personal income.
Single Family
Built in 1928
4,791 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: Evan Thomas • Onward Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2819623
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-19 07:57:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)