2389 Carroll Ridge LnCordovaTN38016
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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
Rental property for sale in Cordova at 2389 Carroll Ridge Ln, Cordova, TN, 38016 generates $2,421/mo in rent and, after a $1,760/mo payment, leaves $269/mo in cash flow. Total monthly income is $2,421/mo, and annual cash flow is $3,223/yr on $119,174 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 8.08% on a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation builds toward $99,323 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash sums $139,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,421/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38016, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,425 (100%) |
| Owner Occupied HU | 11,350 (55.6%) |
| Renter Occupied HU | 8,108 (39.7%) |
| Vacant Housing Units | 967 ( 4.7%) |
| Median Home Value | $326,922 |
| Average Home Value | $361,175 |
Housing Distribution
Address Breakdown
Residential
20,689
Single Family
14,670
Multi-Family
6,019
Businesses
614
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