500 Paragon Mills Rd APT N5NashvilleTN37211
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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 500 Paragon Mills Rd APT N5, Nashville, TN, 37211 earns $513/mo cash flow from $1,421/mo rent with a $743/mo payment. Total monthly income totals $1,421/mo, and annual cash flow totals $6,161/yr on $50,289 capital. ROI tracks 32.16% on current figures, and rental yield reads 11.24% at a $151,700 purchase. Equity gained on principal adds $979/yr, and 5% annual appreciation supports $41,912 over five years. Five-year ROI reaches 168.32% and total cumulative return in cash sums $84,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,421/mo property income instead of your personal income.
Condo
Built in 1969
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37211, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,568 (100%) |
| Owner Occupied HU | 15,589 (41.5%) |
| Renter Occupied HU | 19,608 (52.2%) |
| Vacant Housing Units | 2,371 ( 6.3%) |
| Median Home Value | $423,382 |
| Average Home Value | $486,554 |
Housing Distribution
Address Breakdown
Residential
35,473
Single Family
22,812
Multi-Family
12,661
Businesses
2,514
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