1015 Myrtle AveCrossvilleTN38555
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Crossville at 1015 Myrtle Ave, Crossville, TN, 38555 offers a 9.94% rental yield on a $254,900 purchase with $2,111/mo rent. Total monthly income registers $2,111/mo, and a $1,248/mo payment leaves $585/mo available for distribution. Annual cash flow reaches $7,017/yr on $84,499 to close, and return on cash invested stands at 28.21% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 147.11% and total cumulative return in cash at $124,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,111/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38555, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,843 (100%) |
| Owner Occupied HU | 5,611 (57.0%) |
| Renter Occupied HU | 3,284 (33.4%) |
| Vacant Housing Units | 948 ( 9.6%) |
| Median Home Value | $279,190 |
| Average Home Value | $344,374 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,669
Multi-Family
615
Businesses
1,110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tommy C. Bean • Triple C Realty & Auction, LLC
Mls Name: East Tennessee Realtors
Mls ID: #1316361