2401 Oakwood RdMidwayTN37809
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Nearby investment properties with comparable prices
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 Midway at 2401 Oakwood Rd, Midway, TN, 37809 priced at $169,900 pairs $1,214/mo rent with $197/mo cash flow after a $832/mo payment. Total monthly income equals $1,214/mo, and annual cash flow comes to $2,358/yr on $56,322 invested. Return on cash invested is 24.1% in year one, and rental yield stands at 8.57% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 125.05% and total cumulative return in cash reaches $70,430. For financing, Ziffy Mortgage’s DSCR program evaluates $1,214/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2017
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37809, Midway, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 668 (68.3%) |
| Renter Occupied HU | 207 (21.2%) |
| Vacant Housing Units | 103 (10.5%) |
| Median Home Value | $172,984 |
| Average Home Value | $218,204 |
Housing Distribution
Address Breakdown
Residential
972
Single Family
972
Multi-Family
0
Businesses
32
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Listed by: Ben Taylor Cantwell • Greater Impact Realty Lakeway
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #705273
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.