409 Melrose StMaryvilleTN37803
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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 Maryville at 409 Melrose St, Maryville, TN, 37803 generates $1,871/mo in rent and, after a $1,468/mo payment, leaves $76/mo in cash flow. Total monthly income is $1,871/mo, and annual cash flow is $907/yr on $99,417 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 7.49% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 107.47% and total cumulative return in cash sums $106,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,871/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37803, Maryville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,829 (100%) |
| Owner Occupied HU | 11,315 (76.3%) |
| Renter Occupied HU | 2,699 (18.2%) |
| Vacant Housing Units | 815 ( 5.5%) |
| Median Home Value | $397,899 |
| Average Home Value | $483,365 |
Housing Distribution
Address Breakdown
Residential
14,426
Single Family
14,266
Multi-Family
160
Businesses
155
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