113 Providence DrMedinaTN38355
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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
Rental property for sale in Medina at 113 Providence Dr, Medina, TN, 38355 generates $3,410/mo in rent and, after a $2,716/mo payment, leaves $88/mo in cash flow. Total monthly income is $3,410/mo, and annual cash flow is $1,058/yr on $182,595 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 7.37% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 106.48% and total cumulative return in cash sums $194,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,410/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38355, Medina, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,941 (100%) |
| Owner Occupied HU | 2,287 (77.8%) |
| Renter Occupied HU | 460 (15.6%) |
| Vacant Housing Units | 194 ( 6.6%) |
| Median Home Value | $288,231 |
| Average Home Value | $313,577 |
Housing Distribution
Address Breakdown
Residential
2,901
Single Family
2,885
Multi-Family
16
Businesses
133
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