1101 SouthgateMadisonvilleTN37354
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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 Madisonville at 1101 Southgate, Madisonville, TN, 37354 offers a 4.93% rental yield on a $290,900 purchase with $1,194/mo rent. 1% in year one. Equity gained on principal adds $1,877/yr while 5% annual appreciation supports $80,370 over five years. Portfolio math shows five-year ROI at 66.06% and total cumulative return in cash at $63,707. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,194/mo property income against a $1,424/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37354, Madisonville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,141 (100%) |
| Owner Occupied HU | 5,449 (66.9%) |
| Renter Occupied HU | 1,982 (24.3%) |
| Vacant Housing Units | 710 ( 8.7%) |
| Median Home Value | $230,365 |
| Average Home Value | $262,682 |
Housing Distribution
Address Breakdown
Residential
7,617
Single Family
7,601
Multi-Family
16
Businesses
566
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Listed by: Eric Best • East Tennessee Properties, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1308713