901 Timber Grove DrCordovaTN38018
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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 Cordova at 901 Timber Grove Dr, Cordova, TN, 38018 priced at $267,000 converts $1,970/mo rent into $372/mo cash flow after a $1,307/mo obligation. Total monthly income equals $1,970/mo, and annual cash flow totals $4,458/yr on $88,511 invested. Return on cash invested prints 24.95% in year one, and rental yield reads 8.85% against a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation compiles into $73,767 by year five. Five-year ROI reaches 129.61% and total cumulative return in cash sums $114,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,970/mo property income covering a $1,307/mo payment, not borrower’s personal income.
Single Family
Built in 1992
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38018, Cordova, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,723 (100%) |
| Owner Occupied HU | 9,634 (61.3%) |
| Renter Occupied HU | 5,344 (34.0%) |
| Vacant Housing Units | 745 ( 4.7%) |
| Median Home Value | $324,913 |
| Average Home Value | $372,820 |
Housing Distribution
Address Breakdown
Residential
15,881
Single Family
13,739
Multi-Family
2,142
Businesses
919
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