1652 Elderberry LnCordovaTN38016
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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 1652 Elderberry Ln, Cordova, TN, 38016 listed at $420,000 pairs $3,206/mo rent with a $2,056/mo payment to leave $648/mo cash flow. Total monthly income runs $3,206/mo, and annual cash flow reaches $7,773/yr on $139,230 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 9.16% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 132.65% and total cumulative return in cash totals $184,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,206/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.33 Acres lot
$N/A/sqft
$525 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38016, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,425 (100%) |
| Owner Occupied HU | 11,350 (55.6%) |
| Renter Occupied HU | 8,108 (39.7%) |
| Vacant Housing Units | 967 ( 4.7%) |
| Median Home Value | $326,922 |
| Average Home Value | $361,175 |
Housing Distribution
Address Breakdown
Residential
20,689
Single Family
14,670
Multi-Family
6,019
Businesses
614
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Listed by: Gwendolyn Ware • BEST Real Estate Company
Mls Name: MAAR
Mls Provider:
Mls ID: #10179037
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