2323 Parkburg RdMedonTN38356
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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 2323 Parkburg Rd, Medon, TN, 38356 offers a 9.52% rental yield on a $220,000 purchase with $1,746/mo rent. Total monthly income registers $1,746/mo, and a $1,077/mo payment leaves $429/mo available for distribution. Annual cash flow reaches $5,146/yr on $72,930 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 140.42% and total cumulative return in cash at $102,407. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,746/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
1.70 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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Listed by: April McDonald • Crye-Leike Elite
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503454
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