904 Old Fountain PlHermitageTN37076
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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 904 Old Fountain Pl, Hermitage, TN, 37076 uses $81,881 cash to close to unlock $4,384/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,844/mo, and a $1,209/mo payment keeps the spread at $365/mo. Purchase price stands at $247,000, and rental yield measures 8.96% with $1,844/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 131.32% and total cumulative return in cash records $107,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,844/mo property income covering a $1,209/mo payment rather than investor’s personal income.
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
No 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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