654 Luray AveHendersonTN38340
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Nearby investment properties with comparable prices
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 Henderson at 654 Luray Ave, Henderson, TN, 38340 priced at $167,500 pairs $1,454/mo rent with $451/mo cash flow after a $820/mo payment. Total monthly income equals $1,454/mo, and annual cash flow comes to $5,414/yr on $55,526 invested. Return on cash invested is 29.66% in year one, and rental yield stands at 10.42% on a $167,500 basis. Equity gained on principal adds $1,081/yr, and 5% annual appreciation accumulates to $46,277 by year five. Five-year ROI measures 154.94% and total cumulative return in cash reaches $86,032. For financing, Ziffy Mortgage’s DSCR program evaluates $1,454/mo property income against a $820/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38340, Henderson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,508 (65.7%) |
| Renter Occupied HU | 1,376 (25.8%) |
| Vacant Housing Units | 457 ( 8.6%) |
| Median Home Value | $171,379 |
| Average Home Value | $210,708 |
Housing Distribution
Address Breakdown
Residential
5,132
Single Family
5,063
Multi-Family
69
Businesses
527
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Listed by: Rudy M Grice • Crye-Leike Preferred Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #247250
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