505 Martin Luther King Jr DrRockwoodTN37854
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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 Rockwood at 505 Martin Luther King Jr Dr, Rockwood, TN, 37854 priced at $180,000 converts $2,192/mo rent into $1,115/mo cash flow after a $881/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $13,374/yr on $59,670 invested. Return on cash invested prints 42.32% in year one, and rental yield reads 14.61% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 222.79% and total cumulative return in cash sums $132,941. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37854, Rockwood, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 3,986 (63.2%) |
| Renter Occupied HU | 1,532 (24.3%) |
| Vacant Housing Units | 787 (12.5%) |
| Median Home Value | $196,127 |
| Average Home Value | $264,111 |
Housing Distribution
Address Breakdown
Residential
5,916
Single Family
5,733
Multi-Family
183
Businesses
323
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