342 Nesbitt LnMadisonTN37115
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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 342 Nesbitt Ln, Madison, TN, 37115 priced at $341,000 pairs $2,514/mo rent with $473/mo cash flow after a $1,669/mo payment. Total monthly income equals $2,514/mo, and annual cash flow comes to $5,673/yr on $113,042 invested. Return on cash invested is 24.93% in year one, and rental yield stands at 8.85% on a $341,000 basis. Equity gained on principal adds $2,200/yr, and 5% annual appreciation accumulates to $94,212 by year five. Five-year ROI measures 129.49% and total cumulative return in cash reaches $146,372. For financing, Ziffy Mortgage’s DSCR program evaluates $2,514/mo property income against a $1,669/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.43 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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