735 Tulip Grove Rd APT 200HermitageTN37076
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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 Hermitage at 735 Tulip Grove Rd APT 200, Hermitage, TN, 37076 offers a 8.46% rental yield on a $279,800 purchase with $1,973/mo rent. Total monthly income registers $1,973/mo, and a $1,369/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,819/yr on $92,754 to close, and return on cash invested stands at 21.87% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,304 over five years. Portfolio math shows five-year ROI at 113.8% and total cumulative return in cash at $105,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,973/mo property income against a $1,369/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
1,320 sqft lot
$N/A/sqft
$147 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37076, Hermitage, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,552 (100%) |
| Owner Occupied HU | 10,351 (52.9%) |
| Renter Occupied HU | 7,998 (40.9%) |
| Vacant Housing Units | 1,203 ( 6.2%) |
| Median Home Value | $427,844 |
| Average Home Value | $485,264 |
Housing Distribution
Address Breakdown
Residential
19,483
Single Family
14,208
Multi-Family
5,275
Businesses
964
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