139 Village Ln · Madisonville, TN 37354

$249,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 41 Days on market

Built 2005 0.56 ac lot

---

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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MULTIPLE OFFERS - HIGHEST AND BEST DUE 1PM 10-20-2025 - Opportunity awaits in the Country View Village subdivision! This 3-bedroom, 2-bath home with a basement sits on over half an acre and offers plenty of potential. The main level features an eat-in kitchen, comfortable living space, and a primary bedroom suite with split bedroom plan. The basement provides added storage and workshop options, plus walkout access to the backyard. A detached carport and additional parking make everyday living convenient. Located just minutes from Madisonville, this property offers the chance to create value with updates to suit your style.

Key facts

• Open floor plan
• Country setting
• Unfinished basement

Tags

• COUNTRY SETTING
• OPEN FLOOR PLAN
• SPACIOUS LOT
• UNFINISHED BASEMENT
• ADDITIONAL STORAGE
• QUIET SURROUNDINGS

Property features AI

Exterior

• Parking: Off-street parking; Carport (1 space) on main level
• Utilities: Septic tank
• Home design: Detached property; 1,152 building area (per tax records)
• Construction: Vinyl siding; Frame construction
• Exterior features: Cul-de-sac lot; Level to rolling slope yard; Country setting view

Interior

• Kitchen: Dishwasher; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central cooling
• Interior features: Eat-in kitchen; Walkout unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $249k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/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 $230k (7.6% below list).
• Recommended offer: $230k (7.6% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 3.0% in Madisonville — 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 (#188 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D+, schools F.
• Monroe County (rural): math 20% / reading 24% proficiency, ranked #106 of 139 in TN (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 166 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 157 units permitted in Monroe County in 2024 (0 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 $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $125k; list at $249k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $230,000 (7.6% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 8% 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. Crime grade is D 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?
5. 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?
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: 0.92% ✗
• Cap rate: 7.99%
• Cash-on-cash: 6.05%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.0%
• Equity multiple: 0.74×
• Total profit: $-18,091
• Equity at exit: $37,127

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $12,568
• Equity at exit: $21,529

Cash invested: $69,720 (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 37354

• Home prices YoY: -20.5%
• Active inventory: 166
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,300 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$56 /mo · $673/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $351

Break-even live

Break-even rent $1,855

Max offer price $249,000

Occupancy floor 80%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
188 Park Ave Madisonville, TN	3.0	2.0	1428	$2,300	$1.61	14d	1	0.90mi

Listing history 40 events

1. 2026-06-18
   days on market $249,000 Active 41 DOM
2. 2026-06-17
   days on market $249,000 Active 40 DOM
3. 2026-06-16
   days on market $249,000 Active 39 DOM
4. 2026-06-15
   days on market $249,000 Active 38 DOM
5. 2026-06-14
   days on market $249,000 Active 36 DOM
6. 2026-06-13
   days on market $249,000 Active 35 DOM
7. 2026-06-10
   days on market $249,000 Active 33 DOM
8. 2026-06-09
   days on market $249,000 Active 32 DOM
9. 2026-06-08
   days on market $249,000 Active 31 DOM
10. 2026-06-07
    days on market $249,000 Active 30 DOM
11. 2026-06-05
    days on market $249,000 Active 27 DOM
12. 2026-06-03
    days on market $249,000 Active 26 DOM
13. 2026-06-02
    days on market $249,000 Active 25 DOM
14. 2026-06-01
    days on market $249,000 Active 24 DOM
15. 2026-05-31
    days on market $249,000 Active 23 DOM
16. 2026-05-31
    days on market $249,000 Active 22 DOM
17. 2026-05-08
    listed $249,000 Active
18. 2025-11-20
    soldstatus $125,000 Closed 630-char remark

    Show marketing remark (630 chars)

    MULTIPLE OFFERS - HIGHEST AND BEST DUE 1PM 10-20-2025 - Opportunity awaits in the Country View Village subdivision! This 3-bedroom, 2-bath home with a basement sits on over half an acre and offers plenty of potential. The main level features an eat-in kitchen, comfortable living space, and a primary bedroom suite with split bedroom plan. The basement provides added storage and workshop options, plus walkout access to the backyard. A detached carport and additional parking make everyday living convenient. Located just minutes from Madisonville, this property offers the chance to create value with updates to suit your style.

19. 2025-11-05
    status Pending 630-char remark

    Show marketing remark (630 chars)

    MULTIPLE OFFERS - HIGHEST AND BEST DUE 1PM 10-20-2025 - Opportunity awaits in the Country View Village subdivision! This 3-bedroom, 2-bath home with a basement sits on over half an acre and offers plenty of potential. The main level features an eat-in kitchen, comfortable living space, and a primary bedroom suite with split bedroom plan. The basement provides added storage and workshop options, plus walkout access to the backyard. A detached carport and additional parking make everyday living convenient. Located just minutes from Madisonville, this property offers the chance to create value with updates to suit your style.

20. 2025-09-10
    listed $135,000 Active 630-char remark

    Show marketing remark (630 chars)

    MULTIPLE OFFERS - HIGHEST AND BEST DUE 1PM 10-20-2025 - Opportunity awaits in the Country View Village subdivision! This 3-bedroom, 2-bath home with a basement sits on over half an acre and offers plenty of potential. The main level features an eat-in kitchen, comfortable living space, and a primary bedroom suite with split bedroom plan. The basement provides added storage and workshop options, plus walkout access to the backyard. A detached carport and additional parking make everyday living convenient. Located just minutes from Madisonville, this property offers the chance to create value with updates to suit your style.

21. 2022-11-03
    soldstatus $170,000
22. 2022-10-24
    soldstatus $170,000 Closed 532-char remark

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

23. 2022-10-24
    soldstatus $170,000

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

24. 2022-10-24
    soldstatus $170,000

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

25. 2022-09-27
    historical Pending - Continue to Show - Financing 532-char remark

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

26. 2022-09-25
    listed $199,900
27. 2022-09-05
    listed $199,900 Active 532-char remark

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

28. 2022-09-05
    listed $199,900

    Show marketing remark (532 chars)

    3 bed 2 bath home with basement now available in a quiet, convenient subdivision in Madisonville. The homeowner has completed many projects including a new carport and sidewalk, new roof barely a year old, and porch railing, just to name a few! Enjoy an almost maintenance free, level yard, a little more than half an acre, with lots of potential to put your own stamp on it. Need storage? No worries, the modular sits on a basement with plenty of room for toys, mowers, yard tools, etc. Call today to schedule your private showing.

29. 2021-10-26
    soldstatus $125,000
30. 2021-10-25
    soldstatus $125,000 Closed
31. 2021-10-25
    soldstatus $125,000
32. 2021-10-25
    soldstatus $125,000
33. 2021-08-25
    listed $125,000
34. 2021-08-20
    listed $125,000 Active
35. 2021-08-01
    listed $125,000
36. 2007-10-17
    soldstatus $71,500
37. 2007-10-09
    soldstatus $71,500
38. 2007-07-12
    listed $73,900
39. 2007-02-03
    listed $84,900
40. 2006-06-23
    listed $85,000

ⓘ 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: $673 · $56/mo
• Projected year-2 tax: $1,768 · $147/mo
• Expected delta: +$1,095/yr (+$91/mo · 162.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,600
• − Mortgage interest: −$13,948
• − Property taxes: −$673
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,208
• − Management: −$2,208
• − Depreciation: −$7,244
• Taxable income: $74
• Est. tax owed @ 24.0%: −$18
• After-tax cash flow: $4,199/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: Monroe County
• NCES district ID: 4703000
• Math proficiency: 20% ▼ -8.00%
• Reading proficiency: 24% ▼ -6.00%
• Median HH income: $36,701
• Composite: 18.29/100
• National rank: #8956
• State rank: #106 of 139 in TN

Livability — Madisonville

• Score: 63/100
• State rank: #188
• US rank: #15127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 17,421

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 47,571 people
• By 2030: 48,155 · +1.2%
• By 2040: 48,772 · +2.5%
• By 2050: 48,698 · +2.4%
• By 2075: 48,558 · +2.1%
• By 2100: 47,543 · -0.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 7% Hispanic / Latino 3% Black 1%
• Common ancestry: Serbian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Monroe

• 2024 margin: Solid R (+66.8) · D 16.2% · R 83.0%
• 2008→2024 swing: -28.5pp toward R · 2008: -38.3pp · 2024: -66.8pp
• All cycles: 2024: R+66.8 2020: R+62.6 2016: R+59.7 2012: R+45.0 2008: R+38.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.48%
• Current HPI: 268.822
• 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

+192.9% since first listed

24 events — show timeline

• 2026-05-08 Listed $249,000 Knoxville MLS
• 2025-11-20 Sold (MLS) $125,000 Knoxville MLS
• 2025-11-05 Pending — Knoxville MLS
• 2025-09-10 Listed $135,000 Knoxville MLS
• 2022-11-03 Sold (Public Records) $170,000 Public Records
• 2022-10-24 Sold (MLS) $170,000 RCAOR
• 2022-10-24 Sold (MLS) $170,000 REALTRACS as Distributed by MLS Grid
• 2022-10-24 Sold (MLS) $170,000 Knoxville MLS
• 2022-09-27 Contingent — Knoxville MLS
• 2022-09-25 Listed $199,900 REALTRACS as Distributed by MLS Grid
• 2022-09-05 Listed $199,900 RCAOR
• 2022-09-05 Listed $199,900 Knoxville MLS
• 2021-10-26 Sold (Public Records) $125,000 Public Records
• 2021-10-25 Sold (MLS) $125,000 REALTRACS as Distributed by MLS Grid
• 2021-10-25 Sold (MLS) $125,000 RCAOR
• 2021-10-25 Sold (MLS) $125,000 Knoxville MLS
• 2021-08-25 Listed $125,000 REALTRACS as Distributed by MLS Grid
• 2021-08-20 Listed $125,000 Knoxville MLS
• 2021-08-01 Listed $125,000 RCAOR
• 2007-10-17 Sold (Public Records) $71,500 Public Records
• 2007-10-09 Sold (MLS) $71,500 Knoxville MLS
• 2007-07-12 Listed $73,900 Knoxville MLS
• 2007-02-03 Listed $84,900 Knoxville MLS
• 2006-06-23 Listed $85,000 Knoxville MLS

Property tax history

+9.0%/yr

Latest (2025): $673 · +0.0% YoY. Source: county tax records.