425 Oakwood RdMidwayTN37809
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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 Midway at 425 Oakwood Rd, Midway, TN, 37809 priced at $299,900 converts $1,691/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,691/mo. Return on cash invested prints 18.65% in year one, and rental yield reads 6.77% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 95.82% and total cumulative return in cash sums $95,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,691/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1969
3.59 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: Randy Silvers • Choice Realty
Mls Name: TVRMLS
Mls ID: #9984169
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