1502 Monroe StSweetwaterTN37874
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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 Sweetwater at 1502 Monroe St, Sweetwater, TN, 37874 listed at $219,900 pairs $1,199/mo rent with a $1,076/mo payment. Total monthly income runs $1,199/mo. Return on cash invested measures 17.98% in year one, and rental yield registers 6.54% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 92.22% and total cumulative return in cash totals $67,228. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,199/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37874, Sweetwater, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,391 (100%) |
| Owner Occupied HU | 5,092 (68.9%) |
| Renter Occupied HU | 1,685 (22.8%) |
| Vacant Housing Units | 614 ( 8.3%) |
| Median Home Value | $221,768 |
| Average Home Value | $282,355 |
Housing Distribution
Address Breakdown
Residential
6,673
Single Family
6,589
Multi-Family
84
Businesses
461
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Listed by: Brenda Babaj • Realty Executives Main Street
Mls Name: East Tennessee Realtors
Mls ID: #1314290