Is Erwin, TN a good place to invest in rental property?

Erwin, TN has a median modeled monthly cash flow of $-694 and a median cap rate of 3.5%, on a median sold price of $240,000. Prices changed +1.8% year over year.

What is the average cap rate in Erwin, TN?

The median cap rate across recently sold homes in Erwin, TN is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Erwin, TN?

The median sold price in Erwin, TN is $240,000 (about $168 per square foot).

Investing in Erwin, TN Real Estate

A data-driven snapshot of the Erwin, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$240,000Median sold price

$168Median $/sqft

3.5%Median cap rate

$-694Modeled cash flow / mo

+1.8%Appreciation YoY

6.5Months of supply

75Active listings

138Sold (last 12 mo)

What the Erwin numbers say

In Erwin, TN, the median home sold for $240,000 (about $168 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-694 of monthly cash flow. Sold prices moved +1.8% over the past year. Inventory sits at about 6.5 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Erwin cash-flowing listings

CashFlowRE ranks every for-sale home in Erwin, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Erwin deals, or browse the national market data.