698 Meridian DrSmithvilleTN37166
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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 Smithville at 698 Meridian Dr, Smithville, TN, 37166 offers $1,903/mo rent that, after a $1,336/mo payment, leaves $269/mo cash flow. Total monthly income is $1,903/mo, and annual cash flow is $3,229/yr on $90,466 cash. Return on cash invested measures 23.48% in year one, and rental yield stands at 8.37% at a $272,900 entry. Equity gained on principal adds $1,761/yr while 5% annual appreciation compounds into $75,397 by year five. Five-year ROI records 121.78% and total cumulative return in cash reaches $110,172. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,903/mo property income versus a $1,336/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37166, Smithville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,141 (100%) |
| Owner Occupied HU | 4,280 (59.9%) |
| Renter Occupied HU | 1,801 (25.2%) |
| Vacant Housing Units | 1,060 (14.8%) |
| Median Home Value | $242,188 |
| Average Home Value | $348,801 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,463
Multi-Family
62
Businesses
465
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Listed by: Betsy Smith • Better Homes and Gardens Real Estate Town & Lake
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3046590