122 Meredith DrTurtletownTN37391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Turtletown at 122 Meredith Dr, Turtletown, TN, 37391 offers $2,165/mo rent that, after a $920/mo payment, leaves $1,040/mo cash flow. Total monthly income is $2,165/mo, and annual cash flow is $12,477/yr on $62,322 cash. Return on cash invested measures 39.93% in year one, and rental yield stands at 13.82% at a $188,000 entry. Equity gained on principal adds $1,213/yr while 5% annual appreciation compounds into $51,941 by year five. Five-year ROI records 209.93% and total cumulative return in cash reaches $130,832. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,165/mo property income versus a $920/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37391, Turtletown, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 881 (100%) |
| Owner Occupied HU | 551 (62.5%) |
| Renter Occupied HU | 111 (12.6%) |
| Vacant Housing Units | 219 (24.9%) |
| Median Home Value | $192,137 |
| Average Home Value | $219,619 |
Housing Distribution
Address Breakdown
Residential
781
Single Family
781
Multi-Family
0
Businesses
21
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Listed by: Robyn Hicks • Weichert Realtors-The Space Place
Mls Name: East Tennessee Realtors
Mls ID: #1300897