709 Mill StManchesterTN37355
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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
Investment property for sale in Manchester at 709 Mill St, Manchester, TN, 37355 earns $291/mo cash flow from $1,158/mo rent with a $709/mo payment. Total monthly income totals $1,158/mo, and annual cash flow totals $3,490/yr on $48,034 capital. ROI tracks 27.17% on current figures, and rental yield reads 9.59% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 141.55% and total cumulative return in cash sums $67,993. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,158/mo property income instead of your personal income.
Single Family
Built in 2002
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37355, Manchester, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,681 (100%) |
| Owner Occupied HU | 8,400 (66.2%) |
| Renter Occupied HU | 3,398 (26.8%) |
| Vacant Housing Units | 883 ( 7.0%) |
| Median Home Value | $325,291 |
| Average Home Value | $360,419 |
Housing Distribution
Address Breakdown
Residential
12,034
Single Family
11,770
Multi-Family
264
Businesses
765
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Listed by: Bryan Sizemore • RE/MAX 1st Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2957982