241 Ericson RdCordovaTN38018
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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 Cordova at 241 Ericson Rd, Cordova, TN, 38018 earns $1,125/mo cash flow from $2,920/mo rent with a $1,468/mo payment. Total monthly income totals $2,920/mo, and annual cash flow totals $13,494/yr on $99,450 capital. ROI tracks 33.48% on current figures, and rental yield reads 11.68% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 175.35% and total cumulative return in cash sums $174,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,920/mo property income instead of your personal income.
Single Family
Built in 1977
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38018, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,723 (100%) |
| Owner Occupied HU | 9,634 (61.3%) |
| Renter Occupied HU | 5,344 (34.0%) |
| Vacant Housing Units | 745 ( 4.7%) |
| Median Home Value | $324,913 |
| Average Home Value | $372,820 |
Housing Distribution
Address Breakdown
Residential
15,881
Single Family
13,739
Multi-Family
2,142
Businesses
919
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