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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Michie at 8809 State Highway 22, Michie, TN, 38357 uses $92,820 cash to close to unlock $2,260/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,864/mo, and a $1,370/mo payment keeps the spread at $188/mo. Purchase price stands at $280,000, and rental yield measures 7.99% with $1,864/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 115.67% and total cumulative return in cash records $107,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,864/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38357, Michie, TN area.
| 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 |
Residential
1,268
Single Family
1,268
Multi-Family
0
Businesses
34
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Prentiss Butler • Bailey Williams Realty
Mls Name: NMMLS
Mls ID: #24-1250
