2390 Edgemon St SE · Wildwood Lake, TN 37323

$250,000

4 bd · 1.0 ba · 1,461 sqft · SingleFamily public records · 35 Days on market

Built 2007 Est $245k · at est.

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Why this score? — see what drove the D- 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 +14.8/30.0
• ARV discount +6.7/15.0
• DSCR +4.5/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this conventiently located brick ranch at 2390 Edgemon! Walk through the front door into the cozy living room. Pass through to the spacious kitchen/dining area where there are lots of cabinets and ample space for the family table. The laundry is conveniently located off the kitchen. Each of the three bedrooms has its own closet with an extra closet in the hall for linens and bathroom for towels and toiletries. The carport has been enclosed to finished living area. The bathroom has new double sinks and counter top. There is a nice porch on the rear of the home as well as a shop/storage building in the totally fenced back yard. Home sits on a double lot with road frontage from the front on Edgemon and the back on Stanton Drive. New windows and paint. Don't miss this fantastic opportunity! Buyer to verify square footage, septic capacity, and school district.

Key facts

• Enclosed carport
• Laundry off kitchen
• Brick ranch

Tags

• BRICK RANCH
• SPACIOUS KITCHEN DINING AREA
• LAUNDRY OFF KITCHEN
• ENCLOSED CARPORT
• COMPLETELY REMODELED BATHROOM
• COMPLETELY REMODELED KITCHENS

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $69 ($833/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (21.7% below list).
• Recommended offer: $196k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.6% in Wildwood Lake — 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 63/100 on livability (#189 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: employment C-, health & safety C-, schools F.
• Bradley County (other): math 35% / reading 34% proficiency, ranked #33 of 139 in TN (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 372 active listings in the ZIP; 768 units permitted in Bradley County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Bradley County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $152k; list at $250k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,707 (21.7% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.78% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.19%
• DSCR: 1.05
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $245,448
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2317 Howell SE	0.06mi	3/2.0 (-1)	1,410 (-4%)	2mo	$290,000	$206	81
2339 SE Spring Place Rd	0.12mi	3/1.0 (-1)	1,418 (-3%)	15mo	$235,000	$166	72
2342 Spring Place Rd SE	0.15mi	3/2.0 (-1)	1,552 (+6%)	10mo	$255,000	$164	65
2401 Spring Place Rd SE	0.12mi	3/2.0 (-1)	1,287 (-12%)	1mo	$275,000	$214	65
1795 Dowdy Rd	0.34mi	3/2.0 (-1)	1,442 (-1%)	11mo	$299,900	$208	64
1650 Watkins St SE	0.29mi	4/2.0	1,400 (-4%)	15mo	$235,000	$168	63
950 Durkee Rd SE	0.68mi	3/2.0 (-1)	1,475 (+1%)	4mo	$322,000	$218	54
2155 Gregory Dr SE	0.68mi	3/1.5 (-1)	1,440 (-1%)	8mo	$220,000	$153	52
2155 Gregory Drive Dr SE	0.68mi	3/1.5 (-1)	1,440 (-1%)	8mo	$220,000	$153	52
2585 Ashwood Dr SE	0.25mi	3/2.0 (-1)	1,609 (+10%)	18mo	$348,000	$216	47
360 Longview Dr SE	0.75mi	3/1.0 (-1)	1,609 (+10%)	13mo	$238,000	$148	32
332 Nancy Cv SE	0.56mi	3/2.5 (-1)	1,680 (+15%)	11mo	$250,000	$149	29

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: -14.5%
• Equity multiple: 0.48×
• Total profit: $-36,216
• Equity at exit: $37,276

10-year hold

• IRR: -5.8%
• Equity multiple: 0.62×
• Total profit: $-26,352
• Equity at exit: $21,615

Cash invested: $70,000 (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 37323

• Home prices YoY: -23.5%
• Active inventory: 372
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,957 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$62 /mo · $738/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $69

Break-even live

Break-even rent $1,869

Max offer price $250,000

Occupancy floor 91%

Sensitivity live

Price	-10% $211	-5% $140	+0% $69	+5% $-1	+10% $-72
Rent	-10% $-85	-5% $-8	+0% $69	+5% $147	+10% $224
Rate	-1.0pp $195	-0.5pp $133	base $69	+0.5pp $5	+1.0pp $-61

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-17
   status $250,000 Under Contract 35 DOM
2. 2026-06-16
   days on market $250,000 Active 35 DOM
3. 2026-06-15
   days on market $250,000 Active 34 DOM
4. 2026-06-14
   days on market $250,000 Active 32 DOM
5. 2026-06-13
   days on market $250,000 Active 31 DOM
6. 2026-06-10
   days on market $250,000 Active 29 DOM
7. 2026-06-09
   days on market $250,000 Active 28 DOM
8. 2026-06-08
   days on market $250,000 Active 27 DOM
9. 2026-06-07
   days on market $250,000 Active 26 DOM
10. 2026-06-05
    days on market $250,000 Active 23 DOM
11. 2026-06-02
    days on market $250,000 Active 21 DOM
12. 2026-06-01
    days on market $250,000 Active 20 DOM
13. 2026-05-31
    days on market $250,000 Active 19 DOM
14. 2026-05-30
    days on market $250,000 Active 18 DOM
15. 2026-05-13
    price $250,000 1046-char remark
16. 2026-05-12
    listed $240,000 Active 1046-char remark
17. 2020-09-21
    soldstatus $151,500
18. 2020-09-15
    soldstatus $151,500 878-char remark

    Show marketing remark (878 chars)

    Welcome to this conventiently located brick ranch at 2390 Edgemon! Walk through the front door into the cozy living room. Pass through to the spacious kitchen/dining area where there are lots of cabinets and ample space for the family table. The laundry is conveniently located off the kitchen. Each of the three bedrooms has its own closet with an extra closet in the hall for linens and bathroom for towels and toiletries. The carport has been enclosed to finished living area. The bathroom has new double sinks and counter top. There is a nice porch on the rear of the home as well as a shop/storage building in the totally fenced back yard. Home sits on a double lot with road frontage from the front on Edgemon and the back on Stanton Drive. New windows and paint. Don't miss this fantastic opportunity! Buyer to verify square footage, septic capacity, and school district.

19. 2020-09-15
    soldstatus $151,500

    Show marketing remark (878 chars)

    Welcome to this conventiently located brick ranch at 2390 Edgemon! Walk through the front door into the cozy living room. Pass through to the spacious kitchen/dining area where there are lots of cabinets and ample space for the family table. The laundry is conveniently located off the kitchen. Each of the three bedrooms has its own closet with an extra closet in the hall for linens and bathroom for towels and toiletries. The carport has been enclosed to finished living area. The bathroom has new double sinks and counter top. There is a nice porch on the rear of the home as well as a shop/storage building in the totally fenced back yard. Home sits on a double lot with road frontage from the front on Edgemon and the back on Stanton Drive. New windows and paint. Don't miss this fantastic opportunity! Buyer to verify square footage, septic capacity, and school district.

20. 2020-09-15
    listed $148,900

    Show marketing remark (878 chars)

    Welcome to this conventiently located brick ranch at 2390 Edgemon! Walk through the front door into the cozy living room. Pass through to the spacious kitchen/dining area where there are lots of cabinets and ample space for the family table. The laundry is conveniently located off the kitchen. Each of the three bedrooms has its own closet with an extra closet in the hall for linens and bathroom for towels and toiletries. The carport has been enclosed to finished living area. The bathroom has new double sinks and counter top. There is a nice porch on the rear of the home as well as a shop/storage building in the totally fenced back yard. Home sits on a double lot with road frontage from the front on Edgemon and the back on Stanton Drive. New windows and paint. Don't miss this fantastic opportunity! Buyer to verify square footage, septic capacity, and school district.

21. 2020-08-11
    listed $148,900 878-char remark

    Show marketing remark (878 chars)

    Welcome to this conventiently located brick ranch at 2390 Edgemon! Walk through the front door into the cozy living room. Pass through to the spacious kitchen/dining area where there are lots of cabinets and ample space for the family table. The laundry is conveniently located off the kitchen. Each of the three bedrooms has its own closet with an extra closet in the hall for linens and bathroom for towels and toiletries. The carport has been enclosed to finished living area. The bathroom has new double sinks and counter top. There is a nice porch on the rear of the home as well as a shop/storage building in the totally fenced back yard. Home sits on a double lot with road frontage from the front on Edgemon and the back on Stanton Drive. New windows and paint. Don't miss this fantastic opportunity! Buyer to verify square footage, septic capacity, and school district.

22. 1997-08-06
    soldstatus $63,000

ⓘ 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: $738 · $62/mo
• Projected year-2 tax: $1,775 · $148/mo
• Expected delta: +$1,037/yr (+$86/mo · 140.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,485
• − Mortgage interest: −$14,004
• − Property taxes: −$738
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,879
• − Management: −$1,879
• − Depreciation: −$7,273
• Taxable loss: −$3,537
• Est. tax savings @ 24.0%: +$849
• After-tax cash flow: $1,682/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: Bradley County
• NCES district ID: 4700330
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $45,807
• Composite: 29.54/100
• National rank: #6494
• State rank: #33 of 139 in TN

Livability — Wildwood Lake

• Score: 63/100
• State rank: #189
• US rank: #15156

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bradley County · 99,337 people
• Metro: Cleveland, TN
• Population (ZIP): 31,948
• Household income: $68,768
• Rent vs Own: 19.7% rent · 80.3% own
• Severe rent burden: 371.0

Population outlook (Bradley County) Hauer SSP2

• Today (2025): 114,901 people
• By 2030: 120,137 · +4.6%
• By 2040: 130,125 · +13.2%
• By 2050: 139,257 · +21.2%
• By 2075: 161,664 · +40.7%
• By 2100: 179,767 · +56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 6% Black 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Subsaharan African 2% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% Russian/Polish/Slavic 2%

Political lean MEDSL · Bradley

• 2024 margin: Solid R (+58.9) · D 20.0% · R 78.9% · Other 1.1%
• 2008→2024 swing: -9.2pp toward R · 2008: -49.7pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+55.3 2016: R+59.1 2012: R+53.9 2008: R+49.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.38%
• Current HPI: 287.3643
• Rent YoY: —
• Metro: Cleveland, TN
• 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

+296.8% since first listed

9 events — show timeline

• 2026-06-16 Pending — FSBO.com
• 2026-05-13 Price Changed $250,000 FSBO.com
• 2026-05-12 Listed $240,000 FSBO.com
• 2020-09-21 Sold (Public Records) $151,500 Public Records
• 2020-09-15 Sold (MLS) $151,500 RCAOR
• 2020-09-15 Sold (MLS) $151,500 REALTRACS as Distributed by MLS Grid
• 2020-09-15 Listed $148,900 REALTRACS as Distributed by MLS Grid
• 2020-08-11 Listed $148,900 RCAOR
• 1997-08-06 Sold (Public Records) $63,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $738 · +10.8% YoY. Source: county tax records.