635 7th Ave S #416NashvilleTN37203
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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 635 7th Ave S #416, Nashville, TN, 37203 generates $5,332/mo in rent, after a $7,317/mo payment. Total monthly income is $5,332/mo. Return on cash invested sits at 11.41% in year one, and rental yield is 4.28% on a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 56.89% and total cumulative return in cash sums $275,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,332/mo property income rather than buyer’s personal income.
Condo
Built in 2023
1,742 sqft 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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