206 W Commercial 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
Rental property for sale in Monterey at 206 W Commercial Ave, Monterey, TN, 38574 offers $1,602/mo rent that, after a $930/mo payment, leaves $465/mo cash flow. Total monthly income is $1,602/mo, and annual cash flow is $5,576/yr on $62,968 cash. Return on cash invested measures 28.76% in year one, and rental yield stands at 10.12% at a $189,950 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,480 by year five. Five-year ROI records 150.07% and total cumulative return in cash reaches $94,497. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,602/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,750 sqft 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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