105 McGee LnLorettoTN38469
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Loretto at 105 McGee Ln, Loretto, TN, 38469 offers $870/mo rent that, after a $1,121/mo payment. Total monthly income is $870/mo. Return on cash invested measures 11.99% in year one, and rental yield stands at 4.56% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 60.17% and total cumulative return in cash reaches $45,677. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $870/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38469, Loretto, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,485 (75.8%) |
| Renter Occupied HU | 344 (17.6%) |
| Vacant Housing Units | 131 ( 6.7%) |
| Median Home Value | $211,853 |
| Average Home Value | $252,781 |
Housing Distribution
Address Breakdown
Residential
1,744
Single Family
1,744
Multi-Family
0
Businesses
137
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