261 Walnut Leaf DrCordovaTN38018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 261 Walnut Leaf Dr, Cordova, TN, 38018 priced at $342,000 pairs $2,503/mo rent with $456/mo cash flow after a $1,674/mo payment. Total monthly income equals $2,503/mo, and annual cash flow comes to $5,468/yr on $113,373 invested. Return on cash invested is 24.73% in year one, and rental yield stands at 8.78% on a $342,000 basis. Equity gained on principal adds $2,207/yr, and 5% annual appreciation accumulates to $94,488 by year five. Five-year ROI measures 128.44% and total cumulative return in cash reaches $145,618. For financing, Ziffy Mortgage’s DSCR program evaluates $2,503/mo property income against a $1,674/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices