1017 Cordova Ridge PlCordovaTN38018
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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 Cordova at 1017 Cordova Ridge Pl, Cordova, TN, 38018 uses $55,427 cash to close to unlock $12,315/yr annual cash flow and $1,026/mo monthly cash flow. Total monthly income runs $2,046/mo, and a $818/mo payment keeps the spread at $1,026/mo. Purchase price stands at $167,200, and rental yield measures 14.68% with $2,046/mo rent. Return on cash invested shows 42.13% in year one, and 5% annual appreciation builds toward $46,194 over five years. Five-year ROI reaches 221.95% and total cumulative return in cash records $123,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,046/mo property income covering a $818/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No 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
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