1118 Litton Ave APT 307NashvilleTN37216
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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 Nashville at 1118 Litton Ave APT 307, Nashville, TN, 37216 uses $86,157 cash to close to unlock $10,131/yr annual cash flow and $844/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,272/mo payment keeps the spread at $844/mo. Purchase price stands at $259,900, and rental yield measures 11.08% with $2,400/mo rent. Return on cash invested shows 31.67% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 165.67% and total cumulative return in cash records $142,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
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
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