817 3rd Ave NNashvilleTN37201
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing817 3rd Ave N, Nashville, TN, 37201 in Nashville is a stable, well-positioned rental at $499,900. Rental yield 6.17%. DSCR 0.92 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $138,113 in value and $4,604/yr in principal paydown builds equity, a total projected return of $114,606.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 4.2% |
| Monthly Cash Flow | $(660) | $850 |
City averages based on Nashville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,057 |
| Total Monthly Debt Service | $3,033 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
$239 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37201, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 245 (14.7%) |
| Renter Occupied HU | 1,012 (60.6%) |
| Vacant Housing Units | 414 (24.8%) |
| Median Home Value | $573,980 |
| Average Home Value | $573,827 |
Housing Distribution
Address Breakdown
Residential
1,144
Single Family
64
Multi-Family
1,080
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2008
N/A lot
$N/A/sqft
$239 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37201, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,671 (100%) |
| Owner Occupied HU | 245 (14.7%) |
| Renter Occupied HU | 1,012 (60.6%) |
| Vacant Housing Units | 414 (24.8%) |
| Median Home Value | $573,980 |
| Average Home Value | $573,827 |
Housing Distribution
Address Breakdown
Residential
1,144
Single Family
64
Multi-Family
1,080
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Mangiofico • Prosper Realty Group
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #134187
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.