903 Carnation DrSmyrnaTN37167
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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 Smyrna at 903 Carnation Dr, Smyrna, TN, 37167 generates $3,568/mo in rent, after a $2,986/mo payment. Total monthly income is $3,568/mo. Return on cash invested sits at 19.56% in year one, and rental yield is 7.02% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 100.68% and total cumulative return in cash sums $202,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,568/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37167, Smyrna, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,750 (100%) |
| Owner Occupied HU | 17,058 (63.8%) |
| Renter Occupied HU | 8,652 (32.3%) |
| Vacant Housing Units | 1,040 ( 3.9%) |
| Median Home Value | $408,476 |
| Average Home Value | $448,944 |
Housing Distribution
Address Breakdown
Residential
25,944
Single Family
20,558
Multi-Family
5,386
Businesses
1,755
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