215 Reed Mill LnMonroeTN38573
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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 Monroe at 215 Reed Mill Ln, Monroe, TN, 38573 at $389,929 posts ROI 19.07% with from $2,244/mo rent. Total monthly income equals $2,244/mo. Return on cash invested measures 19.07% and rental yield reads 6.91% at the current $389,929. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,730 by year five. Five-year ROI prints 98.09% and total cumulative return in cash totals $126,790. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,244/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2000
32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38573, Monroe, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,153 (100%) |
| Owner Occupied HU | 799 (69.3%) |
| Renter Occupied HU | 120 (10.4%) |
| Vacant Housing Units | 234 (20.3%) |
| Median Home Value | $277,885 |
| Average Home Value | $322,290 |
Housing Distribution
Address Breakdown
Residential
1,070
Single Family
1,070
Multi-Family
0
Businesses
27
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