370 Lida LnCordovaTN38018
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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 Cordova at 370 Lida Ln, Cordova, TN, 38018 offers a 9.79% rental yield on a $401,000 purchase with $3,271/mo rent. Total monthly income registers $3,271/mo, and a $1,963/mo payment leaves $870/mo available for distribution. Annual cash flow reaches $10,443/yr on $132,932 to close, and return on cash invested stands at 27.76% in year one. Equity gained on principal adds $2,588/yr while 5% annual appreciation supports $110,789 over five years. Portfolio math shows five-year ROI at 144.73% and total cumulative return in cash at $192,390. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,271/mo property income against a $1,963/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.31 Acres lot
$N/A/sqft
No 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
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