537 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
Rental property for sale in Mount Juliet at 537 Millwood Ln, Mount Juliet, TN, 37122 priced at $401,900 converts $3,036/mo rent into $370/mo cash flow after a $1,967/mo obligation. Total monthly income equals $3,036/mo, and annual cash flow totals $4,443/yr on $133,230 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.06% against a $401,900 entry. Equity gained on principal adds $2,593/yr, while 5% annual appreciation compiles into $111,038 by year five. Five-year ROI reaches 121.32% and total cumulative return in cash sums $161,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,036/mo property income covering a $1,967/mo payment, not borrower’s personal income.
Townhouse
Built in 2012
N/A lot
$N/A/sqft
$260 monthly 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: Jackie Potter • EXIT Realty Refined
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2925243
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-30 07:08:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#99)