214 Old Hickory Blvd APT 134NashvilleTN37221
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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 214 Old Hickory Blvd APT 134, Nashville, TN, 37221 uses $67,958 cash to close to unlock $4,119/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,570/mo, and a $1,003/mo payment keeps the spread at $343/mo. Purchase price stands at $205,000, and rental yield measures 9.19% with $1,570/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 135.15% and total cumulative return in cash records $91,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,570/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1969
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37221, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,121 (100%) |
| Owner Occupied HU | 13,081 (61.9%) |
| Renter Occupied HU | 6,824 (32.3%) |
| Vacant Housing Units | 1,216 ( 5.8%) |
| Median Home Value | $481,109 |
| Average Home Value | $577,926 |
Housing Distribution
Address Breakdown
Residential
19,993
Single Family
15,032
Multi-Family
4,961
Businesses
844
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