1118 Litton Ave APT 305NashvilleTN37216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nashville at 1118 Litton Ave APT 305, Nashville, TN, 37216 earns $129/mo cash flow from $1,745/mo rent with a $1,321/mo payment. Total monthly income totals $1,745/mo, and annual cash flow totals $1,552/yr on $89,472 capital. ROI tracks 21.64% on current figures, and rental yield reads 7.76% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 111.9% and total cumulative return in cash sums $100,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,745/mo property income instead of your personal income.
Condo
Built in 2017
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37216, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,700 (100%) |
| Owner Occupied HU | 6,008 (61.9%) |
| Renter Occupied HU | 2,793 (28.8%) |
| Vacant Housing Units | 899 ( 9.3%) |
| Median Home Value | $480,243 |
| Average Home Value | $541,147 |
Housing Distribution
Address Breakdown
Residential
9,323
Single Family
8,589
Multi-Family
734
Businesses
587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices