1117 Murphy AveCovingtonTN38019
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 Covington at 1117 Murphy Ave, Covington, TN, 38019 at $214,900 posts ROI 25.41% with $326/mo cash flow from $1,613/mo rent. Total monthly income equals $1,613/mo, and annual cash flow records $3,917/yr on $71,239 to close. Return on cash invested measures 25.41% and rental yield reads 9.01% at the current $214,900. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 by year five. Five-year ROI prints 132.09% and total cumulative return in cash totals $94,098.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,613/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38019, Covington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 3,959 (58.4%) |
| Renter Occupied HU | 2,371 (35.0%) |
| Vacant Housing Units | 451 ( 6.7%) |
| Median Home Value | $240,007 |
| Average Home Value | $260,976 |
Housing Distribution
Address Breakdown
Residential
6,326
Single Family
5,851
Multi-Family
475
Businesses
733
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Nearby investment properties with comparable prices
Listed by: Reginald Williams • BROC Properties
Mls Name: MAAR
Mls Provider:
Mls ID: #10196547
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