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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Loretto at 746 N Military St, Loretto, TN, 38469 priced at $180,000 converts $870/mo rent into after a $881/mo obligation. Total monthly income equals $870/mo. Return on cash invested prints 15.74% in year one, and rental yield reads 5.8% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 80.23% and total cumulative return in cash sums $47,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38469, Loretto, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,960 (100%) |
| Owner Occupied HU | 1,485 (75.8%) |
| Renter Occupied HU | 344 (17.6%) |
| Vacant Housing Units | 131 ( 6.7%) |
| Median Home Value | $211,853 |
| Average Home Value | $252,781 |
Residential
1,744
Single Family
1,744
Multi-Family
0
Businesses
137
Date | Event | Price |
|---|---|---|
| 2023-04-20 | Listed for sale | $180,000 |
| 1998-05-20 | Sold | $46,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $507.31 | N/A | $21,675 | N/A |
| 2022-11-13 | $507.31 | 29.92% | $21,675 | 86.45% |
| 2021-11-13 | $390.47 | N/A | $11,625 | N/A |
Listed by: Ashley Morris • MarMac Real Estate - Elite Properties
Mls Name: Strategic MLS Alliance
Mls ID: #510558
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
