40 Diamond Padgett 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
Rental property for sale in Monterey at 40 Diamond Padgett Ln, Monterey, TN, 38574 priced at $574,929 pairs $2,560/mo rent with after a $2,814/mo payment. Total monthly income equals $2,560/mo. Return on cash invested is 14.47% in year one, and rental yield stands at 5.34% on a $574,929 basis. Equity gained on principal adds $3,710/yr, and 5% annual appreciation accumulates to $158,842 by year five. Five-year ROI measures 73.37% and total cumulative return in cash reaches $138,780. For financing, Ziffy Mortgage’s DSCR program evaluates $2,560/mo property income against a $2,814/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
23.49 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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