780 Hickory Flat RdCedar GroveTN38321
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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 Cedar Grove at 780 Hickory Flat Rd, Cedar Grove, TN, 38321 priced at $215,000 pairs $1,333/mo rent with $46/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,333/mo, and annual cash flow comes to $555/yr on $71,273 invested. Return on cash invested is 20.69% in year one, and rental yield stands at 7.44% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 106.81% and total cumulative return in cash reaches $76,129. For financing, Ziffy Mortgage’s DSCR program evaluates $1,333/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38321, Cedar Grove, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 950 (72.4%) |
| Renter Occupied HU | 223 (17.0%) |
| Vacant Housing Units | 139 (10.6%) |
| Median Home Value | $160,211 |
| Average Home Value | $185,311 |
Housing Distribution
Address Breakdown
Residential
1,206
Single Family
1,206
Multi-Family
0
Businesses
27
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Listed by: Jason Alan Adams • Hickman Realty Group, Inc.-Mil
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502301
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