1029 Granada RdAshland CityTN37015
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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
Rental property for sale in Ashland City at 1029 Granada Rd, Ashland City, TN, 37015 generates $2,400/mo in rent and, after a $1,713/mo payment, leaves $305/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $3,660/yr on $115,992 invested. Return on cash invested sits at 23.06% in year one, and rental yield is 8.23% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 119.54% and total cumulative return in cash sums $138,654. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37015, Ashland City, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,093 (100%) |
| Owner Occupied HU | 5,680 (70.2%) |
| Renter Occupied HU | 1,817 (22.5%) |
| Vacant Housing Units | 596 ( 7.4%) |
| Median Home Value | $306,830 |
| Average Home Value | $347,738 |
Housing Distribution
Address Breakdown
Residential
8,424
Single Family
7,562
Multi-Family
862
Businesses
514
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Listed by: Patty F. Kennedy • Goldstar Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3080161