260 Ridge LnMontereyTN38574
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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 Monterey at 260 Ridge Ln, Monterey, TN, 38574 with 5% annual appreciation on a $184,300 basis while $2,420/mo rent supports operations. Total monthly income totals $2,420/mo and a $902/mo payment preserves $1,317/mo for cash returns. Annual cash flow comes to $15,802/yr on $61,095 deployed, and return on cash invested reaches 45.77% in year one. Equity gained on principal adds $1,189/yr, and five-year appreciation sums $50,919 alongside rental yield of 15.76%. Five-year ROI measures 241.27% and total cumulative return in cash totals $147,407.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,420/mo property income versus a $902/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
17 Acres 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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