108 King StMcMinnvilleTN37110
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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 McMinnville at 108 King St, McMinnville, TN, 37110 priced at $329,800 pairs $2,220/mo rent with $246/mo cash flow after a $1,614/mo payment. Total monthly income equals $2,220/mo, and annual cash flow comes to $2,952/yr on $109,329 invested. Return on cash invested is 22.61% in year one, and rental yield stands at 8.08% on a $329,800 basis. Equity gained on principal adds $2,128/yr, and 5% annual appreciation accumulates to $91,118 by year five. Five-year ROI measures 117.05% and total cumulative return in cash reaches $127,964. For financing, Ziffy Mortgage’s DSCR program evaluates $2,220/mo property income against a $1,614/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37110, Mc Minnville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,554 (100%) |
| Owner Occupied HU | 9,822 (63.1%) |
| Renter Occupied HU | 4,293 (27.6%) |
| Vacant Housing Units | 1,439 ( 9.3%) |
| Median Home Value | $231,111 |
| Average Home Value | $276,376 |
Housing Distribution
Address Breakdown
Residential
14,614
Single Family
13,918
Multi-Family
696
Businesses
1,127
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Listed by: Lynne A. Cole • Kirby Real Estate
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3060652