2024 Highway 18MedonTN38356
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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
Investment property for sale in Medon at 2024 Highway 18, Medon, TN, 38356 earns $269/mo cash flow from $1,463/mo rent with a $976/mo payment. Total monthly income totals $1,463/mo, and annual cash flow totals $3,231/yr on $66,134 capital. ROI tracks 24.79% on current figures, and rental yield reads 8.8% at a $199,500 purchase. Equity gained on principal adds $1,287/yr, and 5% annual appreciation supports $55,118 over five years. Five-year ROI reaches 128.82% and total cumulative return in cash sums $85,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,463/mo property income instead of your personal income.
Single Family
Built in 1979
1.40 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
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