6341 McDaniel RdCollege GroveTN37046
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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 College Grove at 6341 McDaniel Rd, College Grove, TN, 37046 generates $4,680/mo in rent, after a $8,321/mo payment. Total monthly income is $4,680/mo. Return on cash invested sits at 8.39% in year one, and rental yield is 3.3% on a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 40.73% and total cumulative return in cash sums $224,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
25.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37046, College Grove, TN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,999
Single Family
2,999
Multi-Family
0
Businesses
110
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Listed by: Evan Thomas • Onward Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3002410