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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rutledge at 120 Schertz Ln, Rutledge, TN, 37861 priced at $340,000 converts $2,400/mo rent into $365/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $4,378/yr on $112,710 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 8.47% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 123.4% and total cumulative return in cash sums $139,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 37861, Rutledge, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,640 (100%) |
| Owner Occupied HU | 2,996 (64.6%) |
| Renter Occupied HU | 840 (18.1%) |
| Vacant Housing Units | 804 (17.3%) |
| Median Home Value | $245,730 |
| Average Home Value | $283,334 |
Residential
4,286
Single Family
4,184
Multi-Family
102
Businesses
224
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Listed for sale | $340,000 |
| 2024-10-03 | Sold | $340,000 |
| 2024-03-27 | Pending sale | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: David Edens • Keller Williams
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1278860
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282. [Click here for more information](/info/mls-disclaimers/#mls_154)
