1004 Meridian DrCastalian SpringsTN37031
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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 Castalian Springs at 1004 Meridian Dr, Castalian Springs, TN, 37031 uses $125,970 cash to close to unlock $3,926/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,602/mo, and a $1,860/mo payment keeps the spread at $327/mo. Purchase price stands at $380,000, and rental yield measures 8.22% with $2,602/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 119.31% and total cumulative return in cash records $150,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,602/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37031, Castalian Springs, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,855 (100%) |
| Owner Occupied HU | 1,570 (84.6%) |
| Renter Occupied HU | 208 (11.2%) |
| Vacant Housing Units | 77 ( 4.2%) |
| Median Home Value | $450,000 |
| Average Home Value | $569,053 |
Housing Distribution
Address Breakdown
Residential
1,811
Single Family
1,811
Multi-Family
0
Businesses
53
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Listed by: Justin Tucker • Platinum Realty Partners, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2915104
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 03:18:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)