107 Monroe AveLexingtonTN38351
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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
Investment property for sale in Lexington at 107 Monroe Ave, Lexington, TN, 38351 uses $66,267 cash to close to unlock $4,317/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,556/mo, and a $978/mo payment keeps the spread at $360/mo. Purchase price stands at $199,900, and rental yield measures 9.34% with $1,556/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash records $91,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,556/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1908
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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Listed by: Anne Spence-McGee • CRYE*LEIKE Tapestry Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #2503362
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