157 Hickory AveMontereyTN38574
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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 Monterey at 157 Hickory Ave, Monterey, TN, 38574 uses $81,218 cash to close to unlock $4,818/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,868/mo, and a $1,199/mo payment keeps the spread at $402/mo. Purchase price stands at $245,000, and rental yield measures 9.15% with $1,868/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 134.41% and total cumulative return in cash records $109,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,868/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38574, Monterey, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,415 (100%) |
| Owner Occupied HU | 2,978 (67.5%) |
| Renter Occupied HU | 917 (20.8%) |
| Vacant Housing Units | 520 (11.8%) |
| Median Home Value | $291,365 |
| Average Home Value | $317,754 |
Housing Distribution
Address Breakdown
Residential
3,930
Single Family
3,895
Multi-Family
35
Businesses
226
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