617 2nd Ave SLorettoTN38469
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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 Loretto at 617 2nd Ave S, Loretto, TN, 38469 generates $870/mo in rent, after a $1,341/mo payment. Total monthly income is $870/mo. Return on cash invested sits at 9.73% in year one, and rental yield is 3.81% on a $274,000 entry. Equity gained on principal adds $1,768/yr, while 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 48.01% and total cumulative return in cash sums $43,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $870/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38469, Loretto, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,485 (75.8%) |
| Renter Occupied HU | 344 (17.6%) |
| Vacant Housing Units | 131 ( 6.7%) |
| Median Home Value | $211,853 |
| Average Home Value | $252,781 |
Housing Distribution
Address Breakdown
Residential
1,744
Single Family
1,744
Multi-Family
0
Businesses
137
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