691 Rocky Field CvCordovaTN38018
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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 Cordova at 691 Rocky Field Cv, Cordova, TN, 38018 generates $2,792/mo in rent and, after a $2,031/mo payment, leaves $308/mo in cash flow. Total monthly income is $2,792/mo, and annual cash flow is $3,696/yr on $137,573 invested. Return on cash invested sits at 22.6% in year one, and rental yield is 8.07% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 116.98% and total cumulative return in cash sums $160,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,792/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38018, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,723 (100%) |
| Owner Occupied HU | 9,634 (61.3%) |
| Renter Occupied HU | 5,344 (34.0%) |
| Vacant Housing Units | 745 ( 4.7%) |
| Median Home Value | $324,913 |
| Average Home Value | $372,820 |
Housing Distribution
Address Breakdown
Residential
15,881
Single Family
13,739
Multi-Family
2,142
Businesses
919
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