1003 Heritage DrMadisonTN37115
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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 Madison at 1003 Heritage Dr, Madison, TN, 37115 earns $394/mo cash flow from $2,160/mo rent with a $1,444/mo payment. Total monthly income totals $2,160/mo, and annual cash flow totals $4,728/yr on $97,791 capital. ROI tracks 24.74% on current figures, and rental yield reads 8.79% at a $294,994 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,501 over five years. Five-year ROI reaches 128.5% and total cumulative return in cash sums $125,664. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.
Townhouse
Built in 1973
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37115, Madison, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,097 (100%) |
| Owner Occupied HU | 7,748 (40.6%) |
| Renter Occupied HU | 9,529 (49.9%) |
| Vacant Housing Units | 1,820 ( 9.5%) |
| Median Home Value | $357,957 |
| Average Home Value | $430,561 |
Housing Distribution
Address Breakdown
Residential
18,674
Single Family
13,100
Multi-Family
5,574
Businesses
1,126
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