2343 Fernwood DrNashvilleTN37216
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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 2343 Fernwood Dr, Nashville, TN, 37216 earns from $2,452/mo rent with a $2,985/mo payment. Total monthly income totals $2,452/mo. ROI tracks 12.89% on current figures, and rental yield reads 4.82% at a $609,900 purchase. Equity gained on principal adds $3,936/yr, and 5% annual appreciation supports $168,504 over five years. Five-year ROI reaches 64.93% and total cumulative return in cash sums $130,284. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,452/mo property income instead of your personal income.
Single Family
Built in 1951
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37216, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,700 (100%) |
| Owner Occupied HU | 6,008 (61.9%) |
| Renter Occupied HU | 2,793 (28.8%) |
| Vacant Housing Units | 899 ( 9.3%) |
| Median Home Value | $480,243 |
| Average Home Value | $541,147 |
Housing Distribution
Address Breakdown
Residential
9,323
Single Family
8,589
Multi-Family
734
Businesses
587
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