316 Timberlane DrCordovaTN38018
Nearby investment properties with comparable rents
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 Cordova at 316 Timberlane Dr, Cordova, TN, 38018 listed at $389,000 pairs $3,577/mo rent with a $1,904/mo payment to leave $1,069/mo cash flow. Total monthly income runs $3,577/mo, and annual cash flow reaches $12,826/yr on $128,954 cash to close. Return on cash invested measures 29.86% in year one, and rental yield registers 11.03% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 156.52% and total cumulative return in cash totals $201,834. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,577/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.34 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38018, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,723 (100%) |
| Owner Occupied HU | 9,634 (61.3%) |
| Renter Occupied HU | 5,344 (34.0%) |
| Vacant Housing Units | 745 ( 4.7%) |
| Median Home Value | $324,913 |
| Average Home Value | $372,820 |
Housing Distribution
Address Breakdown
Residential
15,881
Single Family
13,739
Multi-Family
2,142
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Currie • Epique Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10176762
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.