494 Summit DrMedinaTN38355
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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 Medina at 494 Summit Dr, Medina, TN, 38355 uses $89,505 cash to close to unlock $10,469/yr annual cash flow and $872/mo monthly cash flow. Total monthly income runs $2,504/mo, and a $1,322/mo payment keeps the spread at $872/mo. Purchase price stands at $270,000, and rental yield measures 11.13% with $2,504/mo rent. Return on cash invested shows 31.61% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 165.39% and total cumulative return in cash records $148,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,504/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 2009
N/A lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38355, Medina, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,941 (100%) |
| Owner Occupied HU | 2,287 (77.8%) |
| Renter Occupied HU | 460 (15.6%) |
| Vacant Housing Units | 194 ( 6.6%) |
| Median Home Value | $288,231 |
| Average Home Value | $313,577 |
Housing Distribution
Address Breakdown
Residential
2,901
Single Family
2,885
Multi-Family
16
Businesses
133
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Listed by: Tami S Reid • Hickman Realty Group Inc.-Jack
Mls Name: CWTAR
Mls Provider:
Mls ID: #2502105
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