10159 Macon RdCordovaTN38018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cordova at 10159 Macon Rd, Cordova, TN, 38018 uses $125,968 cash to close to unlock $8,390/yr annual cash flow and $699/mo monthly cash flow. Total monthly income runs $2,999/mo, and a $1,860/mo payment keeps the spread at $699/mo. Purchase price stands at $379,995, and rental yield measures 9.47% with $2,999/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $104,986 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash records $174,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,999/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2022
3,920 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38018, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,723 (100%) |
| Owner Occupied HU | 9,634 (61.3%) |
| Renter Occupied HU | 5,344 (34.0%) |
| Vacant Housing Units | 745 ( 4.7%) |
| Median Home Value | $324,913 |
| Average Home Value | $372,820 |
Housing Distribution
Address Breakdown
Residential
15,881
Single Family
13,739
Multi-Family
2,142
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sondretta Green • Keller Williams
Mls Name: MAAR
Mls Provider:
Mls ID: #10183572
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.