118 W Ellis LnMount CarmelTN37645
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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 Mount Carmel at 118 W Ellis Ln, Mount Carmel, TN, 37645 listed at $490,000 pairs $3,161/mo rent with a $2,398/mo payment to leave $228/mo cash flow. Total monthly income runs $3,161/mo, and annual cash flow reaches $2,737/yr on $162,435 cash to close. Return on cash invested measures 21.59% in year one, and rental yield registers 7.74% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 111.63% and total cumulative return in cash totals $181,332. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,161/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
5.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37645, Mount Carmel, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,847 (100%) |
| Owner Occupied HU | 2,010 (70.6%) |
| Renter Occupied HU | 601 (21.1%) |
| Vacant Housing Units | 236 ( 8.3%) |
| Median Home Value | $199,814 |
| Average Home Value | $242,180 |
Housing Distribution
Address Breakdown
Residential
2,324
Single Family
2,324
Multi-Family
0
Businesses
77
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Listed by: Sarah Powers Parker • Property Executives Johnson City
Mls Name: TVRMLS
Mls ID: #9990094