623 Middelton St #609NashvilleTN37203
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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 623 Middelton St #609, Nashville, TN, 37203 offers a 11.27% rental yield on a $1,360,000 purchase with $12,778/mo rent. Total monthly income registers $12,778/mo, and a $6,657/mo payment leaves $4,636/mo available for distribution. Annual cash flow reaches $55,636/yr on $440,640 to close, and return on cash invested stands at 33% in year one. Equity gained on principal adds $8,776/yr while 5% annual appreciation supports $375,743 over five years. Portfolio math shows five-year ROI at 172.65% and total cumulative return in cash at $760,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,778/mo property income against a $6,657/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37203, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,068 (100%) |
| Owner Occupied HU | 2,636 (11.9%) |
| Renter Occupied HU | 14,640 (66.3%) |
| Vacant Housing Units | 4,792 (21.7%) |
| Median Home Value | $630,000 |
| Average Home Value | $705,546 |
Housing Distribution
Address Breakdown
Residential
21,257
Single Family
4,043
Multi-Family
17,214
Businesses
2,943
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