3019 Bishop LnColumbiaTN38401
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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
Investment property for sale in Columbia at 3019 Bishop Ln, Columbia, TN, 38401 offers a 9.06% rental yield on a $494,900 purchase with $3,738/mo rent. Total monthly income registers $3,738/mo, and a $2,422/mo payment leaves $746/mo available for distribution. Annual cash flow reaches $8,949/yr on $164,059 to close, and return on cash invested stands at 25.36% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,732 over five years. Portfolio math shows five-year ROI at 131.9% and total cumulative return in cash at $216,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,738/mo property income against a $2,422/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,147 sqft lot
$N/A/sqft
$30 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 38401, Columbia, TN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
28,684
Single Family
26,673
Multi-Family
2,011
Businesses
1,855
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $494,900 |
| 2020-08-18 | Sold | $319,989 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-04 | $3012.03 | N/A | $110,125 | N/A |
| 2022-04-04 | $3012.03 | -0.35% | $110,125 | 23.74% |
| 2021-04-04 | $3022.53 | N/A | $89,000 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2020
- Architectural Style: Other
- Building Area: 3,137
- Living Area: 3,137 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Carpet, Laminate
- Interior Features: Ceiling Fan(s), Pantry, Walk-In Closet(s), Kitchen Island
- Exterior Features: N/A
- Parking Features: Garage Door Opener, Garage Faces Front
Location
HOA & Fees
- HOA Fee: $30 monthly
- Association Fee: $30 monthly
- Fees & Dues: N/A
- Association Amenities: Clubhouse, Dog Park, Park, Playground, Pool, Sidewalks, Underground Utilities, Trail(s)
- Association Fee Includes: Maintenance Grounds, Recreation Facilities
Utilities
- Utilities: Water Available, Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Spring Hill Elementary
- Middle School: Spring Hill Middle School
- High School: Spring Hill High School
Listed by: Jon Laster • Zach Taylor Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2808372
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-04 07:37:58 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)