1501 16th Ave S #3NashvilleTN37212
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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 Nashville at 1501 16th Ave S #3, Nashville, TN, 37212 generates $2,280/mo in rent, after a $7,215/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 3.93% in year one, and rental yield is 1.86% on a $1,474,000 entry. Equity gained on principal adds $9,511/yr, while 5% annual appreciation builds toward $407,239 over five years. Five-year ROI reaches 16.77% and total cumulative return in cash sums $80,108. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37212, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,374 (100%) |
| Owner Occupied HU | 2,640 (31.5%) |
| Renter Occupied HU | 4,406 (52.6%) |
| Vacant Housing Units | 1,328 (15.9%) |
| Median Home Value | $931,047 |
| Average Home Value | $1,068,155 |
Housing Distribution
Address Breakdown
Residential
7,376
Single Family
4,729
Multi-Family
2,647
Businesses
1,185
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