118 Summer 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
Investment property for sale in Monroe at 118 Summer Ln, Monroe, TN, 38573 earns from $0/mo rent with a $1,877/mo payment. Total monthly income totals $0/mo. ROI tracks -1.76% on current figures, and rental yield reads 0% at a $383,500 purchase. Equity gained on principal adds $2,475/yr, and 5% annual appreciation supports $105,954 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 2024
1 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
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