3528 Highway 61 ELuttrellTN37779
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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 Luttrell at 3528 Highway 61 E, Luttrell, TN, 37779 listed at $189,900 pairs $1,696/mo rent with a $929/mo payment to leave $560/mo cash flow. Total monthly income runs $1,696/mo, and annual cash flow reaches $6,716/yr on $62,952 cash to close. Return on cash invested measures 30.58% in year one, and rental yield registers 10.72% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 159.79% and total cumulative return in cash totals $100,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,696/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37779, Luttrell, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,262 (71.5%) |
| Renter Occupied HU | 338 (19.2%) |
| Vacant Housing Units | 165 ( 9.3%) |
| Median Home Value | $181,933 |
| Average Home Value | $247,003 |
Housing Distribution
Address Breakdown
Residential
1,642
Single Family
1,641
Multi-Family
1
Businesses
49
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