300 Mysen DrCordovaTN38018
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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 300 Mysen Dr, Cordova, TN, 38018 offers $2,488/mo rent that, after a $1,884/mo payment, leaves $184/mo cash flow. Total monthly income is $2,488/mo, and annual cash flow is $2,206/yr on $127,594 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 7.76% at a $384,900 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,341 by year five. Five-year ROI records 111.83% and total cumulative return in cash reaches $142,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,488/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.29 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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