The Norwood II Plan, Chestnut Creek CrossingApisonTN37302
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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
Investment property for sale in Apison at The Norwood II Plan, Chestnut Creek Crossing, Apison, TN, 37302 offers a 10.03% rental yield on a $309,900 purchase with $2,590/mo rent. Total monthly income registers $2,590/mo, and a $1,517/mo payment leaves $735/mo available for distribution. Annual cash flow reaches $8,816/yr on $102,732 to close, and return on cash invested stands at 28.49% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 148.6% and total cumulative return in cash at $152,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,590/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37302, Apison, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 1,671 (77.3%) |
| Renter Occupied HU | 373 (17.3%) |
| Vacant Housing Units | 118 ( 5.5%) |
| Median Home Value | $465,858 |
| Average Home Value | $509,194 |
Housing Distribution
Address Breakdown
Residential
2,118
Single Family
2,118
Multi-Family
0
Businesses
65
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