949 Patio DrNashvilleTN37214
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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 949 Patio Dr, Nashville, TN, 37214 generates $1,657/mo in rent and, after a $1,174/mo payment, leaves $221/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $2,653/yr on $79,527 invested. Return on cash invested sits at 23.25% in year one, and rental yield is 8.29% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 120.51% and total cumulative return in cash sums $95,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Condo
Built in 1983
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37214, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,746 (100%) |
| Owner Occupied HU | 8,410 (53.4%) |
| Renter Occupied HU | 6,157 (39.1%) |
| Vacant Housing Units | 1,179 ( 7.5%) |
| Median Home Value | $396,256 |
| Average Home Value | $472,010 |
Housing Distribution
Address Breakdown
Residential
15,364
Single Family
11,686
Multi-Family
3,678
Businesses
1,473
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