738 Sawmill RdMontereyTN38574
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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 Monterey at 738 Sawmill Rd, Monterey, TN, 38574 priced at $534,000 converts $2,344/mo rent into after a $2,614/mo obligation. Total monthly income equals $2,344/mo. Return on cash invested prints 14.17% in year one, and rental yield reads 5.27% against a $534,000 entry. Equity gained on principal adds $3,446/yr, while 5% annual appreciation compiles into $147,534 by year five. Five-year ROI reaches 71.83% and total cumulative return in cash sums $126,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,344/mo property income covering a $2,614/mo payment, not borrower’s personal income.
Single Family
Built in 2023
4 Acres lot
$N/A/sqft
$9 monthly 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
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