1803 Broadway APT 423NashvilleTN37203
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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 423, Nashville, TN, 37203 earns from $1,907/mo rent with a $1,468/mo payment. Total monthly income totals $1,907/mo. ROI tracks 17.88% on current figures, and rental yield reads 7.63% at a $299,999 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 92.91% and total cumulative return in cash sums $92,400. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,907/mo property income instead of your personal income.
Condo
Built in 2005
871.20 sqft lot
$N/A/sqft
$280 monthly 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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Listed by: Stephen Brush • Compass RE
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2811438
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-01 07:28:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)