9035 Summer Grove CvCordovaTN38018
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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 9035 Summer Grove Cv, Cordova, TN, 38018 generates $3,152/mo in rent and, after a $1,163/mo payment, leaves $1,730/mo in cash flow. Total monthly income is $3,152/mo, and annual cash flow is $20,755/yr on $78,764 invested. Return on cash invested sits at 46.26% in year one, and rental yield is 15.92% on a $237,600 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,645 over five years. Five-year ROI reaches 243.91% and total cumulative return in cash sums $192,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.47 Acres 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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