7249-22 State Hwy SMichieTN38357
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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 Michie at 7249-22 State Hwy S, Michie, TN, 38357 offers a 0% rental yield on a $145,000 purchase with $0/mo rent. 77% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38357, Michie, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,450 (100%) |
| Owner Occupied HU | 1,043 (71.9%) |
| Renter Occupied HU | 203 (14.0%) |
| Vacant Housing Units | 204 (14.1%) |
| Median Home Value | $210,034 |
| Average Home Value | $254,216 |
Housing Distribution
Address Breakdown
Residential
1,268
Single Family
1,268
Multi-Family
0
Businesses
34
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No similar rental properties found nearby.
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Listed by: Molly E Moore • Molly Moore Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10201599
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