165 Ellington PlMadisonTN37115
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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 Madison at 165 Ellington Pl, Madison, TN, 37115 priced at $265,000 converts $1,672/mo rent into $86/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,672/mo, and annual cash flow totals $1,029/yr on $87,848 invested. Return on cash invested prints 21.08% in year one, and rental yield reads 7.57% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 108.87% and total cumulative return in cash sums $95,643. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,672/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37115, Madison, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,097 (100%) |
| Owner Occupied HU | 7,748 (40.6%) |
| Renter Occupied HU | 9,529 (49.9%) |
| Vacant Housing Units | 1,820 ( 9.5%) |
| Median Home Value | $357,957 |
| Average Home Value | $430,561 |
Housing Distribution
Address Breakdown
Residential
18,674
Single Family
13,100
Multi-Family
5,574
Businesses
1,126
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