916 Buchanan St #208NashvilleTN37208
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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 Nashville at 916 Buchanan St #208, Nashville, TN, 37208 generates $1,602/mo in rent, after a $2,080/mo payment. Total monthly income is $1,602/mo. Return on cash invested sits at 11.88% in year one, and rental yield is 4.52% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 59.57% and total cumulative return in cash sums $83,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,602/mo property income rather than buyer’s personal income.
Condo
Built in 2022
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37208, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 2,816 (21.9%) |
| Renter Occupied HU | 7,469 (58.0%) |
| Vacant Housing Units | 2,590 (20.1%) |
| Median Home Value | $521,176 |
| Average Home Value | $605,850 |
Housing Distribution
Address Breakdown
Residential
12,831
Single Family
8,376
Multi-Family
4,455
Businesses
774
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