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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Loretto at 624 2nd Ave S, Loretto, TN, 38469 listed at $285,000 pairs $870/mo rent with a $1,395/mo payment. Total monthly income runs $870/mo. Return on cash invested measures 9.29% in year one, and rental yield registers 3.66% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 45.62% and total cumulative return in cash totals $43,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $870/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38469, Loretto, TN area.
| 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 |
Residential
1,744
Single Family
1,744
Multi-Family
0
Businesses
137
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jonathan Berryhill • Elite Properties of the South
Mls Name: ValleyMLS
Mls ID: #21892113
