2932 Melbourne TerMount 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 2932 Melbourne Ter, Mount Juliet, TN, 37122 generates $3,244/mo in rent, after a $3,142/mo payment. Total monthly income is $3,244/mo. Return on cash invested sits at 16.44% in year one, and rental yield is 6.06% on a $642,000 entry. Equity gained on principal adds $4,143/yr, while 5% annual appreciation builds toward $177,373 over five years. Five-year ROI reaches 84.05% and total cumulative return in cash sums $177,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.38 Acres lot
$N/A/sqft
$450 annually 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: Jennifer Staten • Compass RE
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2946183
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 21:53:14 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)