601 Madison St #101NashvilleTN37208
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 601 Madison St #101, Nashville, TN, 37208 in Nashville the bet is firmly on appreciation. Rental yield 3.26%. The 3.26% gross yield on a $588,800 price is below income-first thresholds, but 5%/yr value growth projects $162,675 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.60) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $99,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 4.2% |
| Monthly Cash Flow | $(2,358) | $850 |
City averages based on Nashville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,602 |
| Total Monthly Debt Service | $3,290 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1916
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37208, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 2,816 (21.9%) |
| Renter Occupied HU | 7,469 (58.0%) |
| Vacant Housing Units | 2,590 (20.1%) |
| Median Home Value | $521,176 |
| Average Home Value | $605,850 |
Housing Distribution
Address Breakdown
Residential
12,831
Single Family
8,376
Multi-Family
4,455
Businesses
774
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1916
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37208, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 2,816 (21.9%) |
| Renter Occupied HU | 7,469 (58.0%) |
| Vacant Housing Units | 2,590 (20.1%) |
| Median Home Value | $521,176 |
| Average Home Value | $605,850 |
Housing Distribution
Address Breakdown
Residential
12,831
Single Family
8,376
Multi-Family
4,455
Businesses
774
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices