600 Independence CtMadisonTN37115
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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 600 Independence Ct, Madison, TN, 37115 priced at $232,600 pairs $1,842/mo rent with $450/mo cash flow after a $1,138/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $5,401/yr on $77,107 invested. Return on cash invested is 26.91% in year one, and rental yield stands at 9.5% on a $232,600 basis. Equity gained on principal adds $1,501/yr, and 5% annual appreciation accumulates to $64,263 by year five. Five-year ROI measures 140.18% and total cumulative return in cash reaches $108,091. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $1,138/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in N/A
N/A 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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