403 Summit Ridge PlNashvilleTN37215
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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 Nashville at 403 Summit Ridge Pl, Nashville, TN, 37215 priced at $279,000 pairs $1,988/mo rent with $317/mo cash flow after a $1,366/mo payment. Total monthly income equals $1,988/mo, and annual cash flow comes to $3,809/yr on $92,489 invested. Return on cash invested is 24.03% in year one, and rental yield stands at 8.55% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 124.69% and total cumulative return in cash reaches $115,327. For financing, Ziffy Mortgage’s DSCR program evaluates $1,988/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
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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