5009 New Highway 68 · Madisonville, TN 37354

$225,000

3 bd · 2.0 ba · 1,890 sqft · SingleFamily · 38 Days on market

Built 2008 Good condition 0.65 ac lot Est $323k · 30% under

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Why this score? — see what drove the C- 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 +15.7/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• 1% rule +4.3/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

Key facts

• Large soaking tub
• Large covered porch
• Walk-in closet

Tags

• OPEN CONCEPT HOME
• LARGE COVERED PORCH
• STONE CLAD ACCENTS
• DOUBLE SINK VANITY
• LARGE SOAKING TUB
• WALK-IN CLOSET

Property features AI

Finance

• Other: Living area approximately 1,890 (assessor); Lot size approximately 0.65 acres

Exterior

• Parking: No listed parking total
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: Residential mobile home; One level
• Construction: Frame construction with vinyl siding; Existing structure
• Exterior features: Covered porch; Deck; Porch; Lot is level to rolling slope; Lot dimensions approximately 147.9 x 200.3 (irregular)

Interior

• Kitchen: Pantry
• Bedrooms: 3 bedrooms (one with walk-in closet)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Walk-in closet(s); Pantry; Crawl space basement; Fireplace (1); Smoke detector(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $98 ($1k/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 $209k (7.0% below list).
• Recommended offer: $209k (7.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 2.8% 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+, amenities 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.
• Zoned schools: Madisonville Primary (563 students, 0% FRL); Madisonville Middle School (math 15% / reading 20%, grade F, #215 of 333 statewide, top 65%, 428 students, 0% FRL); Sequoyah High School (math 20% / reading 32%, grade F, #117 of 332 statewide, top 37%, 806 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 166 active listings in the ZIP; 2 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 38 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; list at $225k implies a 96% 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 $209,273 (7.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 7% 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. 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: 0.93% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.87%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $323,190
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5095 New Hwy 68	0.38mi	3/2.0	1,808 (-4%)	6mo	$310,000	$171	70
145 Helms Dr	0.33mi	3/2.0	1,688 (-11%)	7mo	$335,000	$198	61
1043 Patterson St	0.46mi	4/3.0 (+1)	1,800 (-5%)	2mo	$160,000	$89	59

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: -13.3%
• Equity multiple: 0.52×
• Total profit: $-30,165
• Equity at exit: $33,548

10-year hold

• IRR: -4.3%
• Equity multiple: 0.71×
• Total profit: $-18,075
• Equity at exit: $19,454

Cash invested: $63,000 (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 37354

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

Monthly cashflow live

• Estimated rent: $2,093 medium
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $98

Break-even live

Break-even rent $1,968

Max offer price $225,000

Occupancy floor 90%

Sensitivity live

Price	-10% $254	-5% $176	+0% $98	+5% $21	+10% $-57
Rent	-10% $-67	-5% $16	+0% $98	+5% $181	+10% $264
Rate	-1.0pp $212	-0.5pp $156	base $98	+0.5pp $40	+1.0pp $-19

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Bradley Dr Madisonville, TN	3.0	2.0	1680	$2,000	$1.19	25d	1	0.76mi
188 Park Ave Madisonville, TN	3.0	2.0	1428	$2,300	$1.61	16d	1	1.44mi

Listing history 29 events

1. 2026-06-22
   days on market $225,000 Active 38 DOM
2. 2026-06-18
   price $225,000 Active 35 DOM
3. 2026-06-18
   days on market $235,000 Active 35 DOM
4. 2026-06-17
   days on market $235,000 Active 34 DOM
5. 2026-06-16
   days on market $235,000 Active 33 DOM
6. 2026-06-15
   days on market $235,000 Active 32 DOM
7. 2026-06-14
   days on market $235,000 Active 30 DOM
8. 2026-06-13
   days on market $235,000 Active 29 DOM
9. 2026-06-10
   days on market $235,000 Active 27 DOM
10. 2026-06-09
    days on market $235,000 Active 26 DOM
11. 2026-06-08
    days on market $235,000 Active 25 DOM
12. 2026-06-07
    days on market $235,000 Active 24 DOM
13. 2026-06-05
    days on market $235,000 Active 21 DOM
14. 2026-06-03
    days on market $235,000 Active 20 DOM
15. 2026-06-02
    days on market $235,000 Active 19 DOM
16. 2026-06-01
    days on market $235,000 Active 18 DOM
17. 2026-05-31
    days on market $235,000 Active 17 DOM
18. 2026-05-31
    days on market $235,000 Active 16 DOM
19. 2026-05-20
    price $235,000 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

20. 2026-05-20
    price $235,000

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

21. 2026-05-20
    price $235,000 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

22. 2026-04-29
    price $244,900 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

23. 2026-04-29
    price $244,900 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

24. 2026-04-16
    listed $244,900 Active

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

25. 2026-04-16
    listed $254,900 Active 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

26. 2026-04-12
    listed $254,900 Active 1167-char remark

    Show marketing remark (1167 chars)

    Welcome home! This spacious open concept home sits on a large mostly flat 0.65 Acre lot conveniently located just minutes from Madisonville shopping and dining with quick access to major routes such as Hwy 411 and sitting off New Hwy 68. Located less than 5 minutes to Ingles, Walmart and others. As you approach the home you are greeted by the large covered porch complete with a large ramp. As you enter the home, you will notice the beautiful stone clad wood burning fireplace as well as the stone clad accents on the island and above the stove area. This home features a split bedroom open concept floorplan with a large open living space. The primary suite features a double sink vanity, large soaking tub and a walk-in closet. The other 2 bedrooms are located on the opposite end of the home. Bedroom 2 is updated with fresh paint and new flooring. The second full bathroom and laundry room are located just off the hallway making this a great functional floorplan. With a little TLC and personalization, this could be your perfect fit! Schedule your showing today! [Buyer to verify all details including square footage, tax information, lot size and all other]

27. 2018-09-20
    soldstatus $114,900
28. 2018-03-17
    listed $114,900
29. 2014-07-30
    listed $115,000

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

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: $25,113
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,009
• − Management: −$2,009
• − Depreciation: −$6,545
• Taxable loss: −$2,554
• Est. tax savings @ 24.0%: +$613
• After-tax cash flow: $1,793/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.

Condition & rehab AI · 6 photos

Good 75/100 Cosmetic rehab

This spacious open concept home is in good condition with minor cosmetic updates needed. Fresh paint and cleaning would significantly enhance its resale and rental value.

Repairs flagged

• Minor kitchen cabinets — Worn appearance
• Minor kitchen countertops — Need cleaning

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal
• Resale Clean kitchen countertops — Clean countertops improve first impression
• Both Landscaping — Well-maintained yard enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Worn appearance	Minor	$500–3,000
kitchen countertops · Need cleaning	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal ↑
• Resale Clean kitchen countertops — Clean countertops improve first impression ↑
• Both Landscaping — Well-maintained yard enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• Census place: Madisonville, TN
• 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

+104.3% since first listed

11 events — show timeline

• 2026-05-20 Price Changed $235,000 GSMAR
• 2026-05-20 Price Changed $235,000 REALTRACS as Distributed by MLS Grid
• 2026-05-20 Price Changed $235,000 Knoxville MLS
• 2026-04-29 Price Changed $244,900 GSMAR
• 2026-04-29 Price Changed $244,900 Knoxville MLS
• 2026-04-16 Listed $244,900 REALTRACS as Distributed by MLS Grid
• 2026-04-16 Listed $254,900 Knoxville MLS
• 2026-04-12 Listed $254,900 GSMAR
• 2018-09-20 Sold (MLS) $114,900 RCAOR
• 2018-03-17 Listed $114,900 RCAOR
• 2014-07-30 Listed $115,000 RCAOR