136 S Matlock AveAthensTN37303
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 Athens at 136 S Matlock Ave, Athens, TN, 37303 priced at $315,000 pairs $2,152/mo rent with $191/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,152/mo, and annual cash flow comes to $2,293/yr on $104,423 invested. Return on cash invested is 22.11% in year one, and rental yield stands at 8.2% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 114.69% and total cumulative return in cash reaches $119,765. For financing, Ziffy Mortgage’s DSCR program evaluates $2,152/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1994
0.33 Acres lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37303, Athens, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 7,550 (61.6%) |
| Renter Occupied HU | 3,547 (29.0%) |
| Vacant Housing Units | 1,153 ( 9.4%) |
| Median Home Value | $270,383 |
| Average Home Value | $305,103 |
Housing Distribution
Address Breakdown
Residential
11,687
Single Family
11,132
Multi-Family
555
Businesses
871
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Nearby investment properties with comparable prices
Listed by: Jona Garrett • Century 21 Legacy
Mls Name: RCAR
Mls Provider:
Mls ID: #20251296
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the River Counties Multiple Listing Service, Inc. Copyright 2025. All rights reserved Data is updated as of 2025-03-26 07:15:16 PDT. Some properties, which appear for sale on this web site, may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advised interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings displayed may not belong to the firm whose website is being visited The information provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.