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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rutledge at 208 Schertz Ln, Rutledge, TN, 37861 generates $2,400/mo in rent and, after a $1,174/mo payment, leaves $964/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $11,569/yr on $79,527 invested. Return on cash invested sits at 34.46% in year one, and rental yield is 12.01% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 180.64% and total cumulative return in cash sums $143,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Manufactured
Built in 2023
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 37861, Rutledge, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,640 (100%) |
| Owner Occupied HU | 2,996 (64.6%) |
| Renter Occupied HU | 840 (18.1%) |
| Vacant Housing Units | 804 (17.3%) |
| Median Home Value | $245,730 |
| Average Home Value | $283,334 |
Residential
4,286
Single Family
4,184
Multi-Family
102
Businesses
224
Date | Event | Price |
|---|---|---|
| 2024-09-15 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Deborah Iles • King Real Estate Services,Inc
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1276567
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282. [Click here for more information](/info/mls-disclaimers/#mls_154)
