252 Summit Ridge DrNashvilleTN37215
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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 252 Summit Ridge Dr, Nashville, TN, 37215 offers a 8.28% rental yield on a $344,900 purchase with $2,380/mo rent. Total monthly income registers $2,380/mo, and a $1,688/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,786/yr on $114,334 to close, and return on cash invested stands at 23.22% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 120.35% and total cumulative return in cash at $137,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,380/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
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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