1166 Old Charlotte Trce LOT 12ClarksvilleTN37040
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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 Clarksville at 1166 Old Charlotte Trce LOT 12, Clarksville, TN, 37040 uses $109,362 cash to close to unlock $2,218/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,615/mo payment keeps the spread at $185/mo. Purchase price stands at $329,900, and rental yield measures 7.86% with $2,160/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 113.46% and total cumulative return in cash records $124,083. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37040, Clarksville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,083 (100%) |
| Owner Occupied HU | 14,549 (53.7%) |
| Renter Occupied HU | 10,669 (39.4%) |
| Vacant Housing Units | 1,865 ( 6.9%) |
| Median Home Value | $311,417 |
| Average Home Value | $337,491 |
Housing Distribution
Address Breakdown
Residential
25,440
Single Family
22,575
Multi-Family
2,865
Businesses
2,355
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Listed by: Megan Hermes • Middle Tennessee Dreams Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #3093594