314 Summit Ridge CirNashvilleTN37215
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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
Investment property for sale in Nashville at 314 Summit Ridge Cir, Nashville, TN, 37215 earns $585/mo cash flow from $2,380/mo rent with a $1,468/mo payment. Total monthly income totals $2,380/mo, and annual cash flow totals $7,015/yr on $99,417 capital. ROI tracks 26.97% on current figures, and rental yield reads 9.52% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 140.43% and total cumulative return in cash sums $139,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,380/mo property income instead of your personal income.
Condo
Built in 1978
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37215, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,574 (68.0%) |
| Renter Occupied HU | 2,638 (23.7%) |
| Vacant Housing Units | 931 ( 8.4%) |
| Median Home Value | $952,541 |
| Average Home Value | $1,118,845 |
Housing Distribution
Address Breakdown
Residential
11,357
Single Family
8,610
Multi-Family
2,747
Businesses
1,345
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