8915 Johnston StCordovaTN38016
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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 8915 Johnston St, Cordova, TN, 38016 offers a 8.96% rental yield on a $314,900 purchase with $2,352/mo rent. Total monthly income registers $2,352/mo, and a $1,541/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,768/yr on $104,389 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 122.56% and total cumulative return in cash at $127,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,352/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38016, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,425 (100%) |
| Owner Occupied HU | 11,350 (55.6%) |
| Renter Occupied HU | 8,108 (39.7%) |
| Vacant Housing Units | 967 ( 4.7%) |
| Median Home Value | $326,922 |
| Average Home Value | $361,175 |
Housing Distribution
Address Breakdown
Residential
20,689
Single Family
14,670
Multi-Family
6,019
Businesses
614
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Listed by: Robert Salmons • Entera Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10194248
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