150 Oak Place CirMadisonvilleTN37354
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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 Madisonville at 150 Oak Place Cir, Madisonville, TN, 37354 offers $1,194/mo rent that, after a $1,443/mo payment. Total monthly income is $1,194/mo. Return on cash invested measures 12.9% in year one, and rental yield stands at 4.86% at a $294,900 entry. Equity gained on principal adds $1,903/yr while 5% annual appreciation compounds into $81,475 by year five. Five-year ROI records 65.04% and total cumulative return in cash reaches $63,583. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,194/mo property income versus a $1,443/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2019
N/A 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: Barbie A Hintz • Tennessee Life Real Estate Professionals
Mls Name: East Tennessee Realtors
Mls ID: #1319945