323 Forest Park Rd #1-24MadisonTN37115
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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 323 Forest Park Rd #1-24, Madison, TN, 37115 earns $225/mo cash flow from $912/mo rent with a $562/mo payment. Total monthly income totals $912/mo, and annual cash flow totals $2,695/yr on $38,089 capital. ROI tracks 26.98% on current figures, and rental yield reads 9.52% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 140.58% and total cumulative return in cash sums $53,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $912/mo property income instead of your personal income.
Condo
Built in 1969
435.60 sqft 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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