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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Martin at 3432 State Line Rd, Martin, TN, 38237 offers $915/mo rent that, after a $587/mo payment, leaves $197/mo cash flow. Total monthly income is $915/mo, and annual cash flow is $2,365/yr on $39,747 cash. Return on cash invested measures 25.86% in year one, and rental yield stands at 9.16% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 134.59% and total cumulative return in cash reaches $53,496. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $915/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38237, Martin, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 3,516 (50.1%) |
| Renter Occupied HU | 2,722 (38.8%) |
| Vacant Housing Units | 786 (11.2%) |
| Median Home Value | $278,006 |
| Average Home Value | $306,160 |
Residential
6,621
Single Family
6,344
Multi-Family
277
Businesses
520
Date | Event | Price |
|---|---|---|
| 2025-04-12 | Listed for sale | $119,900 |
| 2024-10-25 | Sold | $55,000 |
| 2024-10-02 | Contingent | $55,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $329.19 | 15.09% | $24,025 | 65.69% |
| 2022-04-14 | $286.04 | N/A | $14,500 | N/A |
| 2021-04-14 | $286.04 | N/A | $14,500 | N/A |
Listed by: Bradley V Arnold • Southern LifeStyle Properties
Mls Name: CWTAR
Mls Provider:
Mls ID: #2501582
Disclaimer: Some or all of the listings displayed may not belong to the firm whose website is being visited. 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.
