1215 New Union LoopMedonTN38356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Medon at 1215 New Union Loop, Medon, TN, 38356 generates $1,384/mo in rent and, after a $842/mo payment, leaves $354/mo in cash flow. Total monthly income is $1,384/mo, and annual cash flow is $4,251/yr on $57,018 invested. Return on cash invested sits at 27.36% in year one, and rental yield is 9.66% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 142.61% and total cumulative return in cash sums $81,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,384/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38356, Medon, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,126 (100%) |
| Owner Occupied HU | 807 (71.7%) |
| Renter Occupied HU | 193 (17.1%) |
| Vacant Housing Units | 126 (11.2%) |
| Median Home Value | $161,731 |
| Average Home Value | $211,338 |
Housing Distribution
Address Breakdown
Residential
992
Single Family
992
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peggy Graves • Coldwell Banker Southern Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502714
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.