3304 Hospital LnNashvilleTN37218
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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 3304 Hospital Ln, Nashville, TN, 37218 uses $119,009 cash to close to unlock $3,013/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,757/mo payment keeps the spread at $251/mo. Purchase price stands at $359,000, and rental yield measures 8.02% with $2,400/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 116.19% and total cumulative return in cash records $138,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 1970
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37218, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,834 (100%) |
| Owner Occupied HU | 3,795 (65.0%) |
| Renter Occupied HU | 1,629 (27.9%) |
| Vacant Housing Units | 410 ( 7.0%) |
| Median Home Value | $440,050 |
| Average Home Value | $586,347 |
Housing Distribution
Address Breakdown
Residential
6,180
Single Family
5,776
Multi-Family
404
Businesses
302
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