305 Medlin PikeEvensvilleTN37332
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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 Evensville at 305 Medlin Pike, Evensville, TN, 37332 priced at $679,900 converts $1,795/mo rent into after a $3,328/mo obligation. Total monthly income equals $1,795/mo. Return on cash invested prints 7.85% in year one, and rental yield reads 3.17% against a $679,900 entry. Equity gained on principal adds $4,387/yr, while 5% annual appreciation compiles into $187,844 by year five. Five-year ROI reaches 37.9% and total cumulative return in cash sums $84,773. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,795/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 2000
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37332, Evensville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,248 (100%) |
| Owner Occupied HU | 871 (69.8%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 149 (11.9%) |
| Median Home Value | $249,138 |
| Average Home Value | $290,241 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
42
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Listed by: Jim Monday • Blue Key Properties
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516172