7180 Elrod RdFairviewTN37062
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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 Fairview at 7180 Elrod Rd, Fairview, TN, 37062 earns from $2,770/mo rent with a $5,497/mo payment. Total monthly income totals $2,770/mo. ROI tracks 7.33% on current figures, and rental yield reads 2.96% at a $1,123,100 purchase. Equity gained on principal adds $7,247/yr, and 5% annual appreciation supports $310,292 over five years. Five-year ROI reaches 35.03% and total cumulative return in cash sums $127,476. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,770/mo property income instead of your personal income.
Single Family
Built in 1984
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37062, Fairview, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,596 (100%) |
| Owner Occupied HU | 4,306 (76.9%) |
| Renter Occupied HU | 1,005 (18.0%) |
| Vacant Housing Units | 285 ( 5.1%) |
| Median Home Value | $443,976 |
| Average Home Value | $595,096 |
Housing Distribution
Address Breakdown
Residential
5,300
Single Family
5,000
Multi-Family
300
Businesses
279
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