1021 Somerville DrCottontownTN37048
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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 Cottontown at 1021 Somerville Dr, Cottontown, TN, 37048 offers a 0% rental yield on a $549,000 purchase with $0/mo rent. 77% in year one. Equity gained on principal adds $3,543/yr while 5% annual appreciation supports $151,679 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,687/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37048, Cottontown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,748 (100%) |
| Owner Occupied HU | 2,333 (84.9%) |
| Renter Occupied HU | 288 (10.5%) |
| Vacant Housing Units | 127 ( 4.6%) |
| Median Home Value | $483,013 |
| Average Home Value | $540,225 |
Housing Distribution
Address Breakdown
Residential
2,691
Single Family
2,691
Multi-Family
0
Businesses
50
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Listed by: Demetria White • RE/MAX 1ST Choice
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3067953