10198 Old Well TerCordovaTN38016
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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 10198 Old Well Ter, Cordova, TN, 38016 uses $89,505 cash to close to unlock $4,905/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $2,113/mo, and a $1,322/mo payment keeps the spread at $409/mo. Purchase price stands at $270,000, and rental yield measures 9.39% with $2,113/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 132.4% and total cumulative return in cash records $118,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,113/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 2010
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38016, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,425 (100%) |
| Owner Occupied HU | 11,350 (55.6%) |
| Renter Occupied HU | 8,108 (39.7%) |
| Vacant Housing Units | 967 ( 4.7%) |
| Median Home Value | $326,922 |
| Average Home Value | $361,175 |
Housing Distribution
Address Breakdown
Residential
20,689
Single Family
14,670
Multi-Family
6,019
Businesses
614
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Listed by: Joey L Conner • Conner Real Estate Jackson
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502452
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