1029 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 1029 Heritage Dr, Madison, TN, 37115 offers a 10.67% rental yield on a $300,000 purchase with $2,668/mo rent. Total monthly income registers $2,668/mo, and a $1,468/mo payment leaves $508/mo available for distribution. Annual cash flow reaches $6,090/yr on $99,450 to close, and return on cash invested stands at 26.03% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 137.03% and total cumulative return in cash at $136,272. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1973
871.20 sqft lot
$N/A/sqft
$365 monthly 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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Listed by: Eduardo Arturo Hutchinson • Realty One Group Music City
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2803888
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-15 08:02:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)