703 Monroe StSweetwaterTN37874
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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 Sweetwater at 703 Monroe St, Sweetwater, TN, 37874 generates $1,050/mo in rent, after a $925/mo payment. Total monthly income is $1,050/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 6.67% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 94.25% and total cumulative return in cash sums $59,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37874, Sweetwater, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,391 (100%) |
| Owner Occupied HU | 5,092 (68.9%) |
| Renter Occupied HU | 1,685 (22.8%) |
| Vacant Housing Units | 614 ( 8.3%) |
| Median Home Value | $221,768 |
| Average Home Value | $282,355 |
Housing Distribution
Address Breakdown
Residential
6,673
Single Family
6,589
Multi-Family
84
Businesses
461
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Listed by: Carla Patton • Silver Key Realty
Mls Name: East Tennessee Realtors
Mls ID: #1317405