223 NW Clearview DrMount JulietTN37122
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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 Mount Juliet at 223 NW Clearview Dr, Mount Juliet, TN, 37122 priced at $419,900 converts $2,821/mo rent into $308/mo cash flow after a $2,055/mo obligation. Total monthly income equals $2,821/mo, and annual cash flow totals $3,691/yr on $139,197 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 8.06% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 116.8% and total cumulative return in cash sums $162,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,821/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37122, Mount Juliet, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,975 (100%) |
| Owner Occupied HU | 21,001 (75.1%) |
| Renter Occupied HU | 5,885 (21.0%) |
| Vacant Housing Units | 1,089 ( 3.9%) |
| Median Home Value | $483,144 |
| Average Home Value | $527,082 |
Housing Distribution
Address Breakdown
Residential
27,302
Single Family
25,895
Multi-Family
1,407
Businesses
1,252
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Listed by: Holley Booker • Bellshire Realty, LLC
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3078940