6616 Fairview RdHixsonTN37343
Nearby investment properties with comparable rents
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
Investment property for sale in Hixson at 6616 Fairview Rd, Hixson, TN, 37343 uses $82,875 cash to close to unlock $1,309/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $1,224/mo payment keeps the spread at $109/mo. Purchase price stands at $250,000, and rental yield measures 7.71% with $1,606/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 111.1% and total cumulative return in cash records $92,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1995
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37343, Hixson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,673 (100%) |
| Owner Occupied HU | 13,936 (70.8%) |
| Renter Occupied HU | 4,628 (23.5%) |
| Vacant Housing Units | 1,109 ( 5.6%) |
| Median Home Value | $352,787 |
| Average Home Value | $386,625 |
Housing Distribution
Address Breakdown
Residential
19,539
Single Family
18,378
Multi-Family
1,161
Businesses
1,334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices