69 College CtMc EwenTN37101
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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 Mc Ewen at 69 College Ct, Mc Ewen, TN, 37101 priced at $479,900 converts $1,980/mo rent into after a $2,349/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 13.17% in year one, and rental yield reads 4.95% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 66.48% and total cumulative return in cash sums $105,753. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37101, Mc Ewen, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,009 (100%) |
| Owner Occupied HU | 2,080 (69.1%) |
| Renter Occupied HU | 575 (19.1%) |
| Vacant Housing Units | 354 (11.8%) |
| Median Home Value | $236,387 |
| Average Home Value | $269,941 |
Housing Distribution
Address Breakdown
Residential
2,854
Single Family
2,812
Multi-Family
42
Businesses
114
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