696 Old Walton RdMontereyTN38574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 696 Old Walton Rd, Monterey, TN, 38574 priced at $200,000 pairs $1,383/mo rent with $186/mo cash flow after a $979/mo payment. Total monthly income equals $1,383/mo, and annual cash flow comes to $2,228/yr on $66,300 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 8.3% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 120.61% and total cumulative return in cash reaches $79,964. For financing, Ziffy Mortgage’s DSCR program evaluates $1,383/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices