645 Elmwood RdMidwayTN37809
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 645 Elmwood Rd, Midway, TN, 37809 offers $2,382/mo rent that, after a $1,757/mo payment, leaves $233/mo cash flow. Total monthly income is $2,382/mo, and annual cash flow is $2,797/yr on $119,009 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 7.96% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 115.21% and total cumulative return in cash reaches $137,107. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,382/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
11.53 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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