340 Elm Ave · Lewisburg, TN 37091

$266,000

3 bd · 3.0 ba · 1,458 sqft · SingleFamily public records · 61 Days on market

Built 2018 0.30 ac lot $182/sqft · at area comps Est $276k · at est.

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +9.1/15.0
• Livability +3.0/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

Key facts

• Double sinks
• Exterior deck
• 0.3 acre lot

Tags

• STAINLESS STEEL APPLIANCES
• DOUBLE SINKS
• EXTERIOR DECK

Property features AI

Exterior

• Parking: No covered parking reported; No total parking spaces reported
• Utilities: Public water; Public sewer; Water available
• Home design: Single-family residence; One-story
• Construction: Vinyl siding
• Exterior features: Approximately 0.3-acre lot; Lot dimensions about 182.14 x 118.05; Lot size calculated from plat

Interior

• Kitchen: Electric range; Dishwasher; Microwave
• Bedrooms: 3 bedrooms — all on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: No basement; Central heating and central air

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $266k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $266k).
• Recommended offer: $250k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 3.8% in Lewisburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 59/100 on livability (#284 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Marshall County (rural): math 31% / reading 29% proficiency, ranked #58 of 139 in TN (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Oak Grove Elementary (471 students, 0% FRL); Westhills Elementary (math 29% / reading 23%, grade F, #144 of 333 statewide, top 44%, 603 students, 0% FRL); Marshall Co High School (math 17% / reading 35%, grade F, #117 of 332 statewide, top 37%, 815 students, 0% FRL) — zoned schools average 0% FRL vs 48% district-wide (48 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 269 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 400 units permitted in Marshall County in 2024 (75 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Marshall County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $74k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($250k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $14k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,040 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.48% ✓
• Cap rate: 12.84%
• Cash-on-cash: 23.40%
• DSCR: 2.04
• GRM: 5.6

CMA / ARV

• ARV (median comp): $275,500
• List price: $266,000
• Delta: -3.45%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
948 Oak St	0.20mi	3/2.0	1,497 (+3%)	12mo	$271,000	$181	72
188 Trey Dr	0.42mi	3/2.0	1,430 (-2%)	5mo	$275,000	$192	69
930 Oak St	0.23mi	3/2.0	1,361 (-7%)	9mo	$240,000	$176	67
1080 Finley Beech Rd	0.32mi	3/2.0	1,359 (-7%)	10mo	$305,000	$224	62
330 Hickory Cir	0.21mi	3/2.0	1,248 (-14%)	5mo	$265,000	$212	58
310 Lexie Dr	0.50mi	3/2.0	1,354 (-7%)	10mo	$315,000	$233	53
956 E Commerce St	0.28mi	3/2.0	1,244 (-15%)	12mo	$225,000	$181	48
1025 Curtis Springs Ln	0.69mi	3/2.0	1,673 (+15%)	1mo	$299,990	$179	38
1021 Curtis Springs Ln	0.69mi	3/2.0	1,673 (+15%)	3mo	$300,000	$179	37
1002 Nature Ln	0.69mi	3/2.0	1,673 (+15%)	3mo	$300,000	$179	37
301 East Ave	0.57mi	3/1.0	1,256 (-14%)	7mo	$150,000	$119	36
1006 Nature Ln	0.69mi	3/2.0	1,673 (+15%)	5mo	$329,990	$197	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.5%
• Equity multiple: 1.66×
• Total profit: $49,344
• Equity at exit: $39,661

10-year hold

• IRR: 25.0%
• Equity multiple: 3.17×
• Total profit: $161,876
• Equity at exit: $22,999

Cash invested: $74,480 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37091

• Home prices YoY: -14.6%
• Active inventory: 269
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,944 medium
• Mortgage (P&I): −$1,395
• Tax from tax record: −$158 /mo · $1,890/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$828
• Net cashflow: $1,452

Break-even live

Break-even rent $2,105

Max offer price $266,000

Occupancy floor 58%

Sensitivity live

Price	-10% $1,603	-5% $1,528	+0% $1,452	+5% $1,377	+10% $1,302
Rent	-10% $1,141	-5% $1,296	+0% $1,452	+5% $1,608	+10% $1,764
Rate	-1.0pp $1,586	-0.5pp $1,520	base $1,452	+0.5pp $1,383	+1.0pp $1,313

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,500
• Closing costs: $7,980
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
328 E Church St Lewisburg, TN	2.0	2.0	1000	$4,000	$4.00	45d	1	1.10mi
335 E Hill Ave Lewisburg, TN	3.0	2.0	1800	$5,000	$2.78	45d	1	1.14mi
566 1st Ave N Lewisburg, TN	2.0	1.0	950	$2,250	$2.37	45d	1	1.41mi

Listing history 29 events

1. 2026-06-21
   days on market $266,000 Active 61 DOM
2. 2026-06-18
   days on market $266,000 Active 58 DOM
3. 2026-06-17
   days on market $266,000 Active 57 DOM
4. 2026-06-16
   days on market $266,000 Active 56 DOM
5. 2026-06-15
   days on market $266,000 Active 55 DOM
6. 2026-06-13
   pricedays on market $266,000 Active 53 DOM
7. 2026-06-09
   days on market $270,000 Active 49 DOM
8. 2026-06-08
   days on market $270,000 Active 48 DOM
9. 2026-06-07
   days on market $270,000 Active 47 DOM
10. 2026-06-03
    days on market $270,000 Active 43 DOM
11. 2026-06-02
    pricedays on market $270,000 Active 42 DOM
12. 2026-06-01
    days on market $276,000 Active 41 DOM
13. 2026-05-31
    days on market $276,000 Active 40 DOM
14. 2026-04-30
    price $276,000 308-char remark
15. 2026-04-21
    listed $280,000 Active 308-char remark
16. 2026-04-07
    soldstatus $254,400
17. 2026-03-11
    historical
18. 2026-03-06
    price $284,999
19. 2026-02-12
    price $289,900
20. 2026-02-12
    price $290,000
21. 2026-01-19
    listed $299,000 Active
22. 2018-08-24
    soldstatus $160,200 Closed

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

23. 2018-08-24
    soldstatus $160,200

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

24. 2018-07-16
    status Pending

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

25. 2018-07-10
    status Active

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

26. 2018-07-09
    price $158,900

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

27. 2018-05-24
    historical Contingent - Inspection

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

28. 2018-05-24
    listed $154,900 Active

    Show marketing remark (222 chars)

    New construction. 3bdrm 2 ba -similar to 160 Coco Lane - Flooring:carpet in bedrooms - vinyl in wet areas - laminate in living & kitchen. Oil rubbed bronze fixtures. Back on the market! Will not last long! Call today!

29. 2009-11-19
    soldstatus $101,691

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $1,890 · $158/mo
• Projected year-2 tax: $1,890 · $158/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 14% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,325
• − Mortgage interest: −$14,900
• − Property taxes: −$1,890
• − Insurance: −$1,330
• − Repairs & maintenance: −$3,786
• − Management: −$3,786
• − Depreciation: −$7,738
• Taxable income: $13,894
• Est. tax owed @ 24.0%: −$3,335
• After-tax cash flow: $14,093/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Marshall County
• NCES district ID: 4702670
• Math proficiency: 31% ▼ -9.00%
• Reading proficiency: 29% ▼ -5.00%
• Median HH income: $43,058
• Composite: 25.56/100
• National rank: #7426
• State rank: #58 of 139 in TN

Livability — Lewisburg

• Score: 59/100
• State rank: #284
• US rank: #20031

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lewisburg, TN
• Population (ZIP): 23,991

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 33,222 people
• By 2030: 33,867 · +1.9%
• By 2040: 34,743 · +4.6%
• By 2050: 34,954 · +5.2%
• By 2075: 34,652 · +4.3%
• By 2100: 31,862 · -4.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Black 5% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Serbian 4% Slovak 2% Romanian 1%
• Foreign-born: 3% · Canada, Jamaica, Vietnam
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+56.6) · D 21.2% · R 77.8%
• 2008→2024 swing: -17.0pp toward R · 2008: -39.6pp · 2024: -56.6pp
• All cycles: 2024: R+56.6 2020: R+50.0 2016: R+46.6 2012: R+28.9 2008: R+39.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.86%
• Current HPI: 350.5306
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+161.6% since first listed

18 events — show timeline

• 2026-06-11 Price Changed $266,000 REALTRACS as Distributed by MLS Grid
• 2026-06-02 Price Changed $270,000 REALTRACS as Distributed by MLS Grid
• 2026-04-30 Price Changed $276,000 REALTRACS as Distributed by MLS Grid
• 2026-04-21 Listed $280,000 REALTRACS as Distributed by MLS Grid
• 2026-04-07 Sold (Public Records) $254,400 Public Records
• 2026-03-11 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-03-06 Price Changed $284,999 REALTRACS as Distributed by MLS Grid
• 2026-02-12 Price Changed $289,900 REALTRACS as Distributed by MLS Grid
• 2026-02-12 Price Changed $290,000 REALTRACS as Distributed by MLS Grid
• 2026-01-19 Listed $299,000 REALTRACS as Distributed by MLS Grid
• 2018-08-24 Sold (Public Records) $160,200 Public Records
• 2018-08-24 Sold (MLS) $160,200 REALTRACS as Distributed by MLS Grid
• 2018-07-16 Pending — REALTRACS as Distributed by MLS Grid
• 2018-07-10 Relisted — REALTRACS as Distributed by MLS Grid
• 2018-07-09 Price Changed $158,900 REALTRACS as Distributed by MLS Grid
• 2018-05-24 Contingent — REALTRACS as Distributed by MLS Grid
• 2018-05-24 Listed $154,900 REALTRACS as Distributed by MLS Grid
• 2009-11-19 Sold (Public Records) $101,691 Public Records

Property tax history

+30.1%/yr

Latest (2025): $1,890 · +7.9% YoY. Source: county tax records.