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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Loretto at 313 W Commerce St, Loretto, TN, 38469 priced at $365,000 converts $3,634/mo rent into $1,450/mo cash flow after a $1,786/mo obligation. Total monthly income equals $3,634/mo, and annual cash flow totals $17,394/yr on $120,998 invested. Return on cash invested prints 34.28% in year one, and rental yield reads 11.95% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 179.67% and total cumulative return in cash sums $217,399. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,634/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1956
3.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38469, Loretto, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,485 (75.8%) |
| Renter Occupied HU | 344 (17.6%) |
| Vacant Housing Units | 131 ( 6.7%) |
| Median Home Value | $211,853 |
| Average Home Value | $252,781 |
Residential
1,744
Single Family
1,744
Multi-Family
0
Businesses
137
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Listed for sale | $365,000 |
| 2024-08-04 | Contingent | $365,000 |
| 2024-05-24 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $139.85 | N/A | $5,975 | N/A |
| 2022-11-13 | $139.85 | 6.08% | $5,975 | 52.23% |
| 2021-11-13 | $131.84 | N/A | $3,925 | N/A |
Listed by: Holly Cavins • Flora Mid-South Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2651383
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-13 02:56:20 PST. 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](/info/mls-disclaimers/#mls_99)
