2003 Convent Pl APT 1NashvilleTN37212
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2003 Convent Pl APT 1, Nashville, TN, 37212 in Nashville worth study. Rental yield 5.98%. The 5.98% gross yield is below cash-flow benchmarks at $364,998, but 5% annual appreciation, adding $100,842 over five years, frames this as a capital growth position. Rent of $1,818/mo partially offsets the $1,641/mo payment. Ziffy Mortgage finances appreciation-play properties (1.11 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $114,504.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 4.2% |
| Monthly Cash Flow | $(780) | $850 |
City averages based on Nashville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,818 |
| Total Monthly Debt Service | $2,040 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1905
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1905
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices