7149 Chena Bay LnCordovaTN38018
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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 Cordova at 7149 Chena Bay Ln, Cordova, TN, 38018 uses $89,472 cash to close to unlock $5,584/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,321/mo payment keeps the spread at $465/mo. Purchase price stands at $269,900, and rental yield measures 9.25% with $2,081/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 136.07% and total cumulative return in cash records $121,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 2006
4,512 sqft 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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