109 Maddox StMartinTN38237
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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 Martin at 109 Maddox St, Martin, TN, 38237 uses $58,443 cash to close to unlock $6,786/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $863/mo payment keeps the spread at $566/mo. Purchase price stands at $176,300, and rental yield measures 11.03% with $1,621/mo rent. Return on cash invested shows 31.52% in year one, and 5% annual appreciation builds toward $48,708 over five years. Five-year ROI reaches 164.87% and total cumulative return in cash records $96,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $863/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
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