8973 Heath CvCordovaTN38016
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
Investment Highlights
Rental property for sale in Cordova at 8973 Heath Cv, Cordova, TN, 38016 generates $2,726/mo in rent and, after a $1,762/mo payment, leaves $571/mo in cash flow. Total monthly income is $2,726/mo, and annual cash flow is $6,852/yr on $119,340 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 9.09% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash sums $159,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,726/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices