502 E Monroe StTullahomaTN37388
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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 Tullahoma at 502 E Monroe St, Tullahoma, TN, 37388 uses $64,609 cash to close to unlock $3,279/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $954/mo payment keeps the spread at $273/mo. Purchase price stands at $194,900, and rental yield measures 8.87% with $1,440/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash records $83,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37388, Tullahoma, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 7,815 (63.8%) |
| Renter Occupied HU | 3,480 (28.4%) |
| Vacant Housing Units | 960 ( 7.8%) |
| Median Home Value | $279,352 |
| Average Home Value | $313,478 |
Housing Distribution
Address Breakdown
Residential
11,530
Single Family
11,101
Multi-Family
429
Businesses
1,213
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