75 Concord RdMcMinnvilleTN37110
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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 McMinnville at 75 Concord Rd, McMinnville, TN, 37110 uses $59,670 cash to close to unlock $7,230/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $881/mo payment keeps the spread at $603/mo. Purchase price stands at $180,000, and rental yield measures 11.2% with $1,680/mo rent. Return on cash invested shows 32.03% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 167.61% and total cumulative return in cash records $100,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37110, Mc Minnville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,554 (100%) |
| Owner Occupied HU | 9,822 (63.1%) |
| Renter Occupied HU | 4,293 (27.6%) |
| Vacant Housing Units | 1,439 ( 9.3%) |
| Median Home Value | $231,111 |
| Average Home Value | $276,376 |
Housing Distribution
Address Breakdown
Residential
14,614
Single Family
13,918
Multi-Family
696
Businesses
1,127
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Listed by: Matt Sargent • Matt Sargent Homes
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3067014