1992 Locke Bend RdMcMinnvilleTN37110
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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 McMinnville at 1992 Locke Bend Rd, McMinnville, TN, 37110 listed at $594,900 pairs $1,680/mo rent with a $2,912/mo payment. Total monthly income runs $1,680/mo. Return on cash invested measures 8.52% in year one, and rental yield registers 3.39% at a $594,900 basis. Equity gained on principal adds $3,839/yr, and annual property appreciation at 5% supports $164,360 by year five. Five-year ROI tracks 41.51% and total cumulative return in cash totals $81,235. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $2,912/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37110, Mc Minnville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,554 (100%) |
| Owner Occupied HU | 9,822 (63.1%) |
| Renter Occupied HU | 4,293 (27.6%) |
| Vacant Housing Units | 1,439 ( 9.3%) |
| Median Home Value | $231,111 |
| Average Home Value | $276,376 |
Housing Distribution
Address Breakdown
Residential
14,614
Single Family
13,918
Multi-Family
696
Businesses
1,127
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Listed by: Bea Andrew • Crye-Leike, Inc., REALTORS
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2996726