240 Lanier DrMadisonTN37115
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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 Madison at 240 Lanier Dr, Madison, TN, 37115 uses $180,950 cash to close to unlock $91/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $3,300/mo, and a $2,692/mo payment keeps the spread at $8/mo. Purchase price stands at $550,000, and rental yield measures 7.2% with $3,300/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 103.63% and total cumulative return in cash records $187,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
0.29 Acres 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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