85 3rd StMidwayTN37809
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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 Midway at 85 3rd St, Midway, TN, 37809 at $189,000 posts ROI 24.52% with $241/mo cash flow from $1,372/mo rent. Total monthly income equals $1,372/mo, and annual cash flow records $2,888/yr on $62,654 to close. Return on cash invested measures 24.52% and rental yield reads 8.71% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 127.31% and total cumulative return in cash totals $79,762.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,372/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2000
10,454 sqft 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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Nearby investment properties with comparable prices
Listed by: Shannon Hinkle • Action Real Estate
Mls Name: Lakeway Area AOR
Mls Provider:
Mls ID: #704962
Disclaimer: 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.