1007 Summit AveNashvilleTN37203
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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 Nashville at 1007 Summit Ave, Nashville, TN, 37203 earns from $3,292/mo rent with a $6,607/mo payment. Total monthly income totals $3,292/mo. ROI tracks 7.23% on current figures, and rental yield reads 2.93% at a $1,349,900 purchase. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,952 over five years. Five-year ROI reaches 34.49% and total cumulative return in cash sums $150,850. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,292/mo property income instead of your personal income.
Single Family
Built in 2024
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37203, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,068 (100%) |
| Owner Occupied HU | 2,636 (11.9%) |
| Renter Occupied HU | 14,640 (66.3%) |
| Vacant Housing Units | 4,792 (21.7%) |
| Median Home Value | $630,000 |
| Average Home Value | $705,546 |
Housing Distribution
Address Breakdown
Residential
21,257
Single Family
4,043
Multi-Family
17,214
Businesses
2,943
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