109/113 Martin LnMonroeTN38573
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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 Monroe at 109/113 Martin Ln, Monroe, TN, 38573 generates $0/mo in rent, after a $1,849/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.76% in year one, and rental yield is 0% on a $377,800 entry. Equity gained on principal adds $2,438/yr, while 5% annual appreciation builds toward $104,379 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Manufactured
Built in 2018
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38573, Monroe, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,153 (100%) |
| Owner Occupied HU | 799 (69.3%) |
| Renter Occupied HU | 120 (10.4%) |
| Vacant Housing Units | 234 (20.3%) |
| Median Home Value | $277,885 |
| Average Home Value | $322,290 |
Housing Distribution
Address Breakdown
Residential
1,070
Single Family
1,070
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Marcia Steranka • American Way Real Estate
Mls Name: UCMLS
Mls Provider:
Mls ID: #236084
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