2116 Hobbs Rd APT G6NashvilleTN37215
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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 2116 Hobbs Rd APT G6, Nashville, TN, 37215 uses $106,882 cash to close to unlock $9,240/yr annual cash flow and $770/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,578/mo payment keeps the spread at $770/mo. Purchase price stands at $322,420, and rental yield measures 10.05% with $2,700/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $89,079 over five years. Five-year ROI reaches 148.98% and total cumulative return in cash records $159,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,578/mo payment rather than investor’s personal income.
Townhouse
Built in 1968
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37215, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,574 (68.0%) |
| Renter Occupied HU | 2,638 (23.7%) |
| Vacant Housing Units | 931 ( 8.4%) |
| Median Home Value | $952,541 |
| Average Home Value | $1,118,845 |
Housing Distribution
Address Breakdown
Residential
11,357
Single Family
8,610
Multi-Family
2,747
Businesses
1,345
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