201 Walton Ave · Lafayette, TN 37083

$180,000

2 bd · 1.0 ba · 1,927 sqft · SingleFamily public records · 194 Days on market

Built 1945 10,018 sqft lot

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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 +26.0/30.0
• Appreciation +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Livability +3.4/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

NOT FOR RENT!!!!!! (Beware of scams). POSSIBLE 3-BEDROOM!! COTTAGE CHARM with Curb Appeal, Large Lot, Mature Trees, All Brick, and convenient to everything! Craftsman Style large-covered front & back porch. Beautiful, Dark Wood Doors & Trim on inside. Tile shower in bath. Large EXPANSION AREA in Attic with WOOD STAIRCASE and HARDWOOD Flooring. Add a PTAC Heat & Air Unit and with minimal work you have a 3rd Bedroom or Flex Room plus an Office at the upstairs landing. Garage needs attention, oversized 1-Car with storage area on side could make a great workshop. Newer Chain Link fenced backyard. Owner believes there is HARDWOOD under vinyl flooring. Great Buy for first time home buyer or investor. SECURITY SYSTEM DOES NOT CONVEY.

Key facts

• Back yard
• Bonus room
• Sitting area

Tags

• BONUS ROOM
• BACK YARD
• FRONT AND BACK PORCHES
• DETACHED GARAGE
• SITTING AREA

Property features AI

Exterior

• Parking: Detached garage (1 covered space, 1 garage space, 1 total parking space)
• Utilities: Public water; Public sewer; Water available
• Home design: Single family residence; One story
• Construction: Brick construction; Existing (year built details available); One level
• Exterior features: Chain link fencing; Lot approximately 0.23 acres (100 x 100)

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present (other type); Cooling present (other type)
• Interior features: Crawl space basement
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#80 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A-; Watch: amenities F, commute F, employment F.
• Macon County (rural): math 34% / reading 29% proficiency, ranked #53 of 139 in TN (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lafayette Elementary School (math 44% / reading 31%, grade F, #269 of 952 statewide, top 28%, 422 students, 0% FRL); Macon County High School (math 21% / reading 32%, grade F, #112 of 332 statewide, top 35%, 967 students, 0% FRL) — zoned schools average 0% FRL vs 53% district-wide (53 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 179 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 181 units permitted in Macon County in 2024 (10 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Macon County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 194 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 194 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.06% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.65%
• DSCR: 1.47
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.1%
• Equity multiple: 3.51×
• Total profit: $126,444
• Equity at exit: $162,158

10-year hold

• IRR: 27.7%
• Equity multiple: 7.94×
• Total profit: $349,770
• Equity at exit: $349,700

Cash invested: $50,400 (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 37083

• Home prices YoY: 8.8%
• Active inventory: 179
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,900 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$35 /mo · $415/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $447

Break-even live

Break-even rent $1,334

Max offer price $180,000

Occupancy floor 71%

Sensitivity live

Price	-10% $549	-5% $498	+0% $447	+5% $397	+10% $346
Rent	-10% $297	-5% $372	+0% $447	+5% $523	+10% $598
Rate	-1.0pp $538	-0.5pp $493	base $447	+0.5pp $401	+1.0pp $353

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Apache Pt Lafayette, TN	3.0	2.0	1300	$1,900	$1.46	45d	1	0.44mi
203 Cherokee Dr Lafayette, TN	3.0	2.0	1300	$1,900	$1.46	45d	1	0.44mi

Listing history 28 events

1. 2026-06-21
   days on market $180,000 Active 194 DOM
2. 2026-06-18
   days on market $180,000 Active 192 DOM
3. 2026-06-17
   days on market $180,000 Active 191 DOM
4. 2026-06-16
   days on market $180,000 Active 190 DOM
5. 2026-06-15
   days on market $180,000 Active 189 DOM
6. 2026-06-13
   days on market $180,000 Active 187 DOM
7. 2026-06-12
   days on market $180,000 Active 186 DOM
8. 2026-06-09
   days on market $180,000 Active 183 DOM
9. 2026-06-08
   days on market $180,000 Active 182 DOM
10. 2026-06-08
    days on market $180,000 Active 181 DOM
11. 2026-06-07
    days on market $180,000 Active 180 DOM
12. 2026-06-03
    days on market $180,000 Active 177 DOM
13. 2026-06-02
    days on market $180,000 Active 176 DOM
14. 2026-06-01
    days on market $180,000 Active 175 DOM
15. 2026-05-31
    days on market $180,000 Active 174 DOM
16. 2026-05-11
    price $180,000
17. 2026-01-29
    status Active
18. 2026-01-20
    historical Active Under Contract
19. 2026-01-15
    price $185,000
20. 2025-12-08
    listed $190,000 Active
21. 2023-10-09
    soldstatus $167,500
22. 2023-10-06
    soldstatus $162,500 Closed 755-char remark

    Show marketing remark (755 chars)

    NOT FOR RENT!!!!!! (Beware of scams). POSSIBLE 3-BEDROOM!! COTTAGE CHARM with Curb Appeal, Large Lot, Mature Trees, All Brick, and convenient to everything! Craftsman Style large-covered front & back porch. Beautiful, Dark Wood Doors & Trim on inside. Tile shower in bath. Large EXPANSION AREA in Attic with WOOD STAIRCASE and HARDWOOD Flooring. Add a PTAC Heat & Air Unit and with minimal work you have a 3rd Bedroom or Flex Room plus an Office at the upstairs landing. Garage needs attention, oversized 1-Car with storage area on side could make a great workshop. Newer Chain Link fenced backyard. Owner believes there is HARDWOOD under vinyl flooring. Great Buy for first time home buyer or investor. SECURITY SYSTEM DOES NOT CONVEY.

23. 2023-09-03
    historical Active Under Contract 755-char remark

    Show marketing remark (755 chars)

    NOT FOR RENT!!!!!! (Beware of scams). POSSIBLE 3-BEDROOM!! COTTAGE CHARM with Curb Appeal, Large Lot, Mature Trees, All Brick, and convenient to everything! Craftsman Style large-covered front & back porch. Beautiful, Dark Wood Doors & Trim on inside. Tile shower in bath. Large EXPANSION AREA in Attic with WOOD STAIRCASE and HARDWOOD Flooring. Add a PTAC Heat & Air Unit and with minimal work you have a 3rd Bedroom or Flex Room plus an Office at the upstairs landing. Garage needs attention, oversized 1-Car with storage area on side could make a great workshop. Newer Chain Link fenced backyard. Owner believes there is HARDWOOD under vinyl flooring. Great Buy for first time home buyer or investor. SECURITY SYSTEM DOES NOT CONVEY.

24. 2023-08-22
    price $172,000 755-char remark

    Show marketing remark (755 chars)

    NOT FOR RENT!!!!!! (Beware of scams). POSSIBLE 3-BEDROOM!! COTTAGE CHARM with Curb Appeal, Large Lot, Mature Trees, All Brick, and convenient to everything! Craftsman Style large-covered front & back porch. Beautiful, Dark Wood Doors & Trim on inside. Tile shower in bath. Large EXPANSION AREA in Attic with WOOD STAIRCASE and HARDWOOD Flooring. Add a PTAC Heat & Air Unit and with minimal work you have a 3rd Bedroom or Flex Room plus an Office at the upstairs landing. Garage needs attention, oversized 1-Car with storage area on side could make a great workshop. Newer Chain Link fenced backyard. Owner believes there is HARDWOOD under vinyl flooring. Great Buy for first time home buyer or investor. SECURITY SYSTEM DOES NOT CONVEY.

25. 2023-08-08
    listed $175,000 Active 755-char remark

    Show marketing remark (755 chars)

    NOT FOR RENT!!!!!! (Beware of scams). POSSIBLE 3-BEDROOM!! COTTAGE CHARM with Curb Appeal, Large Lot, Mature Trees, All Brick, and convenient to everything! Craftsman Style large-covered front & back porch. Beautiful, Dark Wood Doors & Trim on inside. Tile shower in bath. Large EXPANSION AREA in Attic with WOOD STAIRCASE and HARDWOOD Flooring. Add a PTAC Heat & Air Unit and with minimal work you have a 3rd Bedroom or Flex Room plus an Office at the upstairs landing. Garage needs attention, oversized 1-Car with storage area on side could make a great workshop. Newer Chain Link fenced backyard. Owner believes there is HARDWOOD under vinyl flooring. Great Buy for first time home buyer or investor. SECURITY SYSTEM DOES NOT CONVEY.

26. 2019-01-18
    soldstatus $62,600
27. 1999-08-13
    soldstatus $55,000
28. 1993-11-19
    soldstatus $22,500

ⓘ 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: $415 · $35/mo
• Projected year-2 tax: $1,278 · $106/mo
• Expected delta: +$863/yr (+$72/mo · 208.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,800
• − Mortgage interest: −$10,083
• − Property taxes: −$415
• − Insurance: −$900
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − Depreciation: −$5,236
• Taxable income: $2,518
• Est. tax owed @ 24.0%: −$604
• After-tax cash flow: $4,765/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: Macon County
• NCES district ID: 4702550
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $34,280
• Composite: 25.97/100
• National rank: #7329
• State rank: #53 of 139 in TN

Livability — Lafayette

• Score: 68/100
• State rank: #80
• US rank: #9247

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, TN
• Population (ZIP): 16,887

Population outlook (Macon County) Hauer SSP2

• Today (2025): 24,618 people
• By 2030: 25,337 · +2.9%
• By 2040: 26,739 · +8.6%
• By 2050: 27,822 · +13.0%
• By 2075: 30,614 · +24.4%
• By 2100: 31,851 · +29.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 9% Two or more races 7%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 1% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Macon

• 2024 margin: Solid R (+74.3) · D 12.4% · R 86.7%
• 2008→2024 swing: -54.8pp toward R · 2008: -19.6pp · 2024: -74.3pp
• All cycles: 2024: R+74.3 2020: R+71.6 2016: R+69.3 2012: R+53.7 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 31.33%
• Current HPI: 388.8726
• 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

+700.0% since first listed

13 events — show timeline

• 2026-05-11 Price Changed $180,000 REALTRACS as Distributed by MLS Grid
• 2026-01-29 Relisted — REALTRACS as Distributed by MLS Grid
• 2026-01-20 Contingent — REALTRACS as Distributed by MLS Grid
• 2026-01-15 Price Changed $185,000 REALTRACS as Distributed by MLS Grid
• 2025-12-08 Listed $190,000 REALTRACS as Distributed by MLS Grid
• 2023-10-09 Sold (Public Records) $167,500 Public Records
• 2023-10-06 Sold (MLS) $162,500 REALTRACS as Distributed by MLS Grid
• 2023-09-03 Contingent — REALTRACS as Distributed by MLS Grid
• 2023-08-22 Price Changed $172,000 REALTRACS as Distributed by MLS Grid
• 2023-08-08 Listed $175,000 REALTRACS as Distributed by MLS Grid
• 2019-01-18 Sold (Public Records) $62,600 Public Records
• 1999-08-13 Sold (Public Records) $55,000 Public Records
• 1993-11-19 Sold (Public Records) $22,500 Public Records

Property tax history

+1.0%/yr

Latest (2025): $415 · -22.3% YoY. Source: county tax records.