261 Cade RdMontereyTN38574
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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 261 Cade Rd, Monterey, TN, 38574 priced at $279,000 converts $1,806/mo rent into $135/mo cash flow after a $1,366/mo obligation. Total monthly income equals $1,806/mo, and annual cash flow totals $1,625/yr on $92,489 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 7.77% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 112.02% and total cumulative return in cash sums $103,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,806/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
8 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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