823 Cedarstone WayNashvilleTN37214
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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 823 Cedarstone Way, Nashville, TN, 37214 offers $2,159/mo rent that, after a $2,570/mo payment. Total monthly income is $2,159/mo. Return on cash invested measures 13.22% in year one, and rental yield stands at 4.93% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 66.69% and total cumulative return in cash reaches $115,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,159/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2007
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37214, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,746 (100%) |
| Owner Occupied HU | 8,410 (53.4%) |
| Renter Occupied HU | 6,157 (39.1%) |
| Vacant Housing Units | 1,179 ( 7.5%) |
| Median Home Value | $396,256 |
| Average Home Value | $472,010 |
Housing Distribution
Address Breakdown
Residential
15,364
Single Family
11,686
Multi-Family
3,678
Businesses
1,473
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