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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in College Grove at 6237 Wild Heron Way, College Grove, TN, 37046 priced at $1,870,000 pairs $7,464/mo rent with after a $9,153/mo payment. Total monthly income equals $7,464/mo. Return on cash invested is 12.43% in year one, and rental yield stands at 4.79% on a $1,870,000 basis. Equity gained on principal adds $12,067/yr, and 5% annual appreciation accumulates to $516,647 by year five. Five-year ROI measures 62.56% and total cumulative return in cash reaches $379,024. For financing, Ziffy Mortgage’s DSCR program evaluates $7,464/mo property income against a $9,153/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
0.46 Acres lot
$N/A/sqft
$279 monthly HOA
Neighborhood data shown for ZIP Code: 37046, College Grove, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,034 (100%) |
| Owner Occupied HU | 2,657 (87.6%) |
| Renter Occupied HU | 190 ( 6.3%) |
| Vacant Housing Units | 187 ( 6.2%) |
| Median Home Value | $1,120,668 |
| Average Home Value | $1,306,446 |
Residential
2,999
Single Family
2,999
Multi-Family
0
Businesses
110
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $1,870,000 |
| 2025-03-03 | Listing removed | $1,950,000 |
| 2025-01-16 | Listed for sale | $1,950,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-28 | $4913.00 | N/A | $261,350 | N/A |
| 2022-03-28 | $4913.00 | N/A | $261,350 | N/A |
| 2021-03-28 | $4913.00 | 11.63% | $261,350 | 31.85% |
Listed by: Erin Krueger • Compass Tennessee, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2809652
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-28 07:33:05 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)
