218 Community DrMadisonvilleTN37354
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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 218 Community Dr, Madisonville, TN, 37354 generates $1,296/mo in rent, after a $1,199/mo payment. Total monthly income is $1,296/mo. Return on cash invested sits at 17.39% in year one, and rental yield is 6.35% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 89.08% and total cumulative return in cash sums $72,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,296/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
0.60 Acres 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: Melanie Sims • New Creation Real Estate
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522171