508 Mayland RdMontereyTN38574
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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 508 Mayland Rd, Monterey, TN, 38574 priced at $197,900 converts $1,652/mo rent into $467/mo cash flow after a $969/mo obligation. Total monthly income equals $1,652/mo, and annual cash flow totals $5,604/yr on $65,604 invested. Return on cash invested prints 28.45% in year one, and rental yield reads 10.02% against a $197,900 entry. Equity gained on principal adds $1,277/yr, while 5% annual appreciation compiles into $54,676 by year five. Five-year ROI reaches 148.39% and total cumulative return in cash sums $97,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,652/mo property income covering a $969/mo payment, not borrower’s personal income.
Single Family
Built in 2004
6.53 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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Listed by: Darrell Lewis • DIYFLATFEE.COM
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2744320
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