Is Monterey, TN a good place to invest in rental property?

Monterey, TN has a median modeled monthly cash flow of $-1,140 and a median cap rate of 2.0%, on a median sold price of $212,500. Prices changed -3.3% year over year.

What is the average cap rate in Monterey, TN?

The median cap rate across recently sold homes in Monterey, TN is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Monterey, TN?

The median sold price in Monterey, TN is $212,500 (about $177 per square foot).

Investing in Monterey, TN Real Estate

A data-driven snapshot of the Monterey, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$212,500Median sold price

$177Median $/sqft

2.0%Median cap rate

$-1,140Modeled cash flow / mo

-3.3%Appreciation YoY

7.4Months of supply

47Active listings

76Sold (last 12 mo)

What the Monterey numbers say

In Monterey, TN, the median home sold for $212,500 (about $177 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,140 of monthly cash flow. Sold prices moved -3.3% over the past year. Inventory sits at about 7.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Monterey cash-flowing listings

CashFlowRE ranks every for-sale home in Monterey, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Monterey deals, or browse the national market data.