421 Joy AveNashvilleTN37207
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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 421 Joy Ave, Nashville, TN, 37207 priced at $371,900 pairs $3,258/mo rent with $1,032/mo cash flow after a $1,820/mo payment. Total monthly income equals $3,258/mo, and annual cash flow comes to $12,384/yr on $123,285 invested. Return on cash invested is 29.95% in year one, and rental yield stands at 10.51% on a $371,900 basis. Equity gained on principal adds $2,400/yr, and 5% annual appreciation accumulates to $102,749 by year five. Five-year ROI measures 156.48% and total cumulative return in cash reaches $192,914. For financing, Ziffy Mortgage’s DSCR program evaluates $3,258/mo property income against a $1,820/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37207, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,497 (100%) |
| Owner Occupied HU | 9,372 (48.1%) |
| Renter Occupied HU | 7,552 (38.7%) |
| Vacant Housing Units | 2,573 (13.2%) |
| Median Home Value | $406,048 |
| Average Home Value | $497,414 |
Housing Distribution
Address Breakdown
Residential
19,227
Single Family
15,337
Multi-Family
3,890
Businesses
1,246
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