302 Elmington AveNashvilleTN37205
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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 Nashville at 302 Elmington Ave, Nashville, TN, 37205 priced at $1,100,000 converts $4,153/mo rent into after a $5,384/mo obligation. Total monthly income equals $4,153/mo. Return on cash invested prints 12.18% in year one, and rental yield reads 4.53% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 61.05% and total cumulative return in cash sums $217,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,153/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37205, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,781 (100%) |
| Owner Occupied HU | 7,941 (67.4%) |
| Renter Occupied HU | 2,919 (24.8%) |
| Vacant Housing Units | 921 ( 7.8%) |
| Median Home Value | $927,358 |
| Average Home Value | $1,108,529 |
Housing Distribution
Address Breakdown
Residential
11,827
Single Family
8,496
Multi-Family
3,331
Businesses
1,002
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