Hanover Plan, The Cove at Thrasher LandingHixsonTN37343
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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 Hixson at Hanover Plan, The Cove at Thrasher Landing, Hixson, TN, 37343 priced at $439,990 converts $3,623/mo rent into $989/mo cash flow after a $2,154/mo obligation. Total monthly income equals $3,623/mo, and annual cash flow totals $11,864/yr on $145,857 invested. Return on cash invested prints 28.04% in year one, and rental yield reads 9.88% against a $439,990 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,561 by year five. Five-year ROI reaches 146.19% and total cumulative return in cash sums $213,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,623/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37343, Hixson, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,673 (100%) |
| Owner Occupied HU | 13,936 (70.8%) |
| Renter Occupied HU | 4,628 (23.5%) |
| Vacant Housing Units | 1,109 ( 5.6%) |
| Median Home Value | $352,787 |
| Average Home Value | $386,625 |
Housing Distribution
Address Breakdown
Residential
19,539
Single Family
18,378
Multi-Family
1,161
Businesses
1,334
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