1803 Broadway APT 204NashvilleTN37203
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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 1803 Broadway APT 204, Nashville, TN, 37203 uses $172,396 cash to close to unlock $4,764/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $3,534/mo, and a $2,565/mo payment keeps the spread at $397/mo. Purchase price stands at $524,000, and rental yield measures 8.09% with $3,534/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $144,772 over five years. Five-year ROI reaches 118.16% and total cumulative return in cash records $203,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $2,565/mo payment rather than investor’s personal income.
Condo
Built in 2005
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37203, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,068 (100%) |
| Owner Occupied HU | 2,636 (11.9%) |
| Renter Occupied HU | 14,640 (66.3%) |
| Vacant Housing Units | 4,792 (21.7%) |
| Median Home Value | $630,000 |
| Average Home Value | $705,546 |
Housing Distribution
Address Breakdown
Residential
21,257
Single Family
4,043
Multi-Family
17,214
Businesses
2,943
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