505 Millwood LnMount JulietTN37122
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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 Mount Juliet at 505 Millwood Ln, Mount Juliet, TN, 37122 at $389,500 posts ROI 19.13% with from $2,247/mo rent. Total monthly income equals $2,247/mo. Return on cash invested measures 19.13% and rental yield reads 6.92% at the current $389,500. Equity gained on principal adds $2,513/yr, and 5% annual appreciation supports $107,612 by year five. Five-year ROI prints 98.37% and total cumulative return in cash totals $127,015. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,247/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2012
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37122, Mount Juliet, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,975 (100%) |
| Owner Occupied HU | 21,001 (75.1%) |
| Renter Occupied HU | 5,885 (21.0%) |
| Vacant Housing Units | 1,089 ( 3.9%) |
| Median Home Value | $483,144 |
| Average Home Value | $527,082 |
Housing Distribution
Address Breakdown
Residential
27,302
Single Family
25,895
Multi-Family
1,407
Businesses
1,252
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Listed by: Kimberly McClendon • United Real Estate Middle Tennessee
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3057945