238 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 238 Ellington Pl, Madison, TN, 37115 priced at $227,777 pairs $2,160/mo rent with $496/mo cash flow after a $1,115/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $5,956/yr on $75,508 invested. Return on cash invested is 27.8% in year one, and rental yield stands at 11.38% on a $227,777 basis. Equity gained on principal adds $1,470/yr, and 5% annual appreciation accumulates to $62,931 by year five. Five-year ROI measures 146.66% and total cumulative return in cash reaches $110,741. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,115/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
1,306 sqft lot
$N/A/sqft
$300 monthly 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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Listed by: Phil Hopewell • ResultsMLS Realtors
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2998704
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-20 07:37:45 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)