1042 Mitchell StCelinaTN38551
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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 Celina at 1042 Mitchell St, Celina, TN, 38551 uses $140,888 cash to close to unlock $2,064/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $2,080/mo payment keeps the spread at $172/mo. Purchase price stands at $425,000, and rental yield measures 7.67% with $2,716/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash records $155,621. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1910
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38551, Celina, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,290 (100%) |
| Owner Occupied HU | 1,374 (60.0%) |
| Renter Occupied HU | 477 (20.8%) |
| Vacant Housing Units | 439 (19.2%) |
| Median Home Value | $180,859 |
| Average Home Value | $278,894 |
Housing Distribution
Address Breakdown
Residential
1,856
Single Family
1,801
Multi-Family
55
Businesses
161
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