1074 Carib Loop WCordovaTN38018
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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 1074 Carib Loop W, Cordova, TN, 38018 uses $99,417 cash to close to unlock $1,867/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $1,951/mo, and a $1,468/mo payment keeps the spread at $156/mo. Purchase price stands at $299,900, and rental yield measures 7.81% with $1,951/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 112.66% and total cumulative return in cash records $112,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,951/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2019
6,098 sqft 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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