3107 Patcham Dr UNIT 204NolensvilleTN37135
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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 Nolensville at 3107 Patcham Dr UNIT 204, Nolensville, TN, 37135 generates $2,118/mo in rent and, after a $1,497/mo payment, leaves $287/mo in cash flow. Total monthly income is $2,118/mo, and annual cash flow is $3,445/yr on $101,406 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 8.31% on a $305,900 entry. Equity gained on principal adds $1,974/yr, while 5% annual appreciation builds toward $84,515 over five years. Five-year ROI reaches 120.83% and total cumulative return in cash sums $122,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,118/mo property income rather than buyer’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37135, Nolensville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,567 (100%) |
| Owner Occupied HU | 7,641 (89.2%) |
| Renter Occupied HU | 668 ( 7.8%) |
| Vacant Housing Units | 258 ( 3.0%) |
| Median Home Value | $702,872 |
| Average Home Value | $776,770 |
Housing Distribution
Address Breakdown
Residential
8,515
Single Family
8,354
Multi-Family
161
Businesses
503
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Listed by: Tammy Graffam • Benchmark Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3033784