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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Columbia at 3007 Bishop Ln, Columbia, TN, 38401 generates $4,457/mo in rent and, after a $2,423/mo payment, leaves $1,464/mo in cash flow. Total monthly income is $4,457/mo, and annual cash flow is $17,564/yr on $164,093 invested. Return on cash invested sits at 30.61% in year one, and rental yield is 10.8% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 160.06% and total cumulative return in cash sums $262,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,457/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
7,840 sqft lot
$N/A/sqft
$30 monthly HOA
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,552 (100%) |
| Owner Occupied HU | 19,842 (64.9%) |
| Renter Occupied HU | 8,481 (27.8%) |
| Vacant Housing Units | 2,229 ( 7.3%) |
| Median Home Value | $383,591 |
| Average Home Value | $440,270 |
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $495,000 |
| 2025-09-11 | Listing removed | $495,000 |
| 2025-07-25 | Listed for sale | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-12 | $2890.31 | N/A | $105,675 | N/A |
| 2023-09-12 | $2890.31 | N/A | $105,675 | N/A |
| 2022-09-12 | $2890.31 | -1.72% | $105,675 | 22.03% |
Listed by: Gary Ashton • The Ashton Real Estate Group of RE/MAX Advantage
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2993393
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-12 07:23:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)
